THE ECONOMICS OF CO-PERMITTING
Erik Lichtenberg ()
No 19976, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
State and federal regulators have been considering making livestock integrators jointly responsible with growers for waste disposal. We show that joint responsibility will generally be efficient when contracts are structured to address problems of grower moral hazard. But joint responsibility for waste disposal will also redistribute income from growers to integrators.
Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:19976
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