Economics of a Public Fund for Environmental Amenities (The)
Bruce Babcock (),
P. G. Lakshminarayan,
JunJie Wu and
David Zilberman ()
Staff General Research Papers Archive from Iowa State University, Department of Economics
The problem of targeting CRP purchases to buy environmental amenities under productivity and environmental heterogeneity is considered. Gini coefficients and Lorenz curves are used to measure the effectiveness of spending under alternative targeting criteria. The environmental benefits considered are water erosion, wind erosion, surface water quality, and wildlife habitat. The three alternative targeting criteria examined include purchasing land according to (i) the benefit-to-cost ratio, (ii) the level of benefits, and (iii) the level of cost. Results indicate that the degree of variability and correlation determine the extent to which suboptimal targeting achieves a significant portion of available environmental benefits.
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Published in American Journal of Agricultural Economics, November 1996, vol. 78 no. 4, pp. 961-971
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:1065
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