Book chapter
Subsidies! The Other Incentive-Based Instrument: The Case of the Conservation Reserve Program
Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience, pp.230-249
Oxford University Press
2006
DOI: 10.1093/acprof:oso/9780195189650.003.0009
Abstract
This essay studies a very large and important example of an environmental subsidy program — the Conservation Reserve Program (CRP). The CRP was introduced in 1985. It investigates how much less efficient, if any, a command-and-control (CAC) form of regulation would have been. That is, it seeks to assess the policy as implemented relative to a fundamentally different form of regulation — CAC. It then studies the ex post performance of this incentive-based instrument. In so doing, it provides information on the degree to which market-based incentive programs, as they have actually been implemented, have or have not lived up to the original optimism with which economists viewed such instruments.
Details
- Title: Subtitle
- Subsidies! The Other Incentive-Based Instrument: The Case of the Conservation Reserve Program
- Creators
- Hongli FengCatherine Kling - Iowa State UniversityLyubov KurkalovaSilvia Secchi - Iowa State University
- Contributors
- Jody Freeman (Editor)Charles D Kolstad (Editor)
- Resource Type
- Book chapter
- Publication Details
- Moving to Markets in Environmental Regulation: Lessons from Twenty Years of Experience, pp.230-249
- DOI
- 10.1093/acprof:oso/9780195189650.003.0009
- Publisher
- Oxford University Press; Oxford
- Language
- English
- Date published
- 2006
- Academic Unit
- Public Policy Center (Archive); Geographical and Sustainability Sciences; University College Courses
- Record Identifier
- 9983917597102771
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