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RESOURCE DEGRADATION ON AGRICULTURAL LAND: INFORMATION PROBLEMS, MARKET FAILURES AND GOVERNMENT INTERVENTION*

RESOURCE DEGRADATION ON AGRICULTURAL LAND: INFORMATION PROBLEMS, MARKET FAILURES AND GOVERNMENT... Information problems impede private contracting for the supply of many natural resource services. They are also likely to prevent the government identifying and achieving optimum levels of natural resource degradation on agricultural land. In particular, the distributional impacts of government intervention create incentives for strategic distortions of information by interested parties. Resource conservation measures which impose costs on beneficiaries, and which provide positive incentives for farmers to monitor resource degradation, may be superior because they reduce information problems. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

RESOURCE DEGRADATION ON AGRICULTURAL LAND: INFORMATION PROBLEMS, MARKET FAILURES AND GOVERNMENT INTERVENTION*

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References (2)

Publisher
Wiley
Copyright
Copyright © 1987 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1987.tb00459.x
Publisher site
See Article on Publisher Site

Abstract

Information problems impede private contracting for the supply of many natural resource services. They are also likely to prevent the government identifying and achieving optimum levels of natural resource degradation on agricultural land. In particular, the distributional impacts of government intervention create incentives for strategic distortions of information by interested parties. Resource conservation measures which impose costs on beneficiaries, and which provide positive incentives for farmers to monitor resource degradation, may be superior because they reduce information problems.

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Apr 1, 1987

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