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The social costs of second-best policies: Evidence from agricultural GHG mitigation.
- Source :
-
Journal of Environmental Economics & Management . Mar2017, Vol. 82, p39-73. 35p. - Publication Year :
- 2017
-
Abstract
- This paper investigates the social costs of second-best agricultural greenhouse gas (GHG) mitigation policies. Adjustments along the land use and input intensity margins are represented within a regionalized optimization model of California crop production calibrated to economic and agronomic information. Second-best policies relying on spatially aggregated GHG emission factors lead to small abatement efficiency losses, while policies targeting a single GHG lead to moderate losses. In contrast, policies targeting a single input entail large abatement efficiency losses, which nonetheless can be reduced by combining instruments. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 00950696
- Volume :
- 82
- Database :
- Academic Search Index
- Journal :
- Journal of Environmental Economics & Management
- Publication Type :
- Academic Journal
- Accession number :
- 121378415
- Full Text :
- https://doi.org/10.1016/j.jeem.2016.10.004