Economics and Policy for Water Pollution Control

James Shortle, Markku Ollikainen () and Antti Iho ()
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Markku Ollikainen: University of Helsinki
Antti Iho: Natural Resources Institute Finland

Chapter Chapter 2 in Water Quality and Agriculture, 2021, pp 17-74 from Palgrave Macmillan

Abstract: Abstract This chapter presents basic economic and institutional background material essential for the book. The first part of the chapter introduces concepts and methods used in economics to explain environmental externalities and the need for public policy to address them. The first part also discusses economic issues in the choice of environmental policy targets and choice of policy instruments to achieve them. The second part of the chapter introduces water pollution control policies for agriculture with a focus on the United States and European Union. The discussion identifies weaknesses in existing policy architectures that limit water quality gains while unnecessarily increasing the social costs of pollution control. The chapter establishes a need for new approaches to water pollution control in agriculture and introduces economic concepts and methods useful for analyzing existing policies and strategies for improving the economic and ecological performance of water quality protection policies for agriculture.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psachp:978-3-030-47087-6_2

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DOI: 10.1007/978-3-030-47087-6_2

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