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Library SUBSIDIES! THE OTHER INCENTIVE-BASED INSTRUMENT: THE CASE OF THE CONSERVATION RESERVE PROGRAM

SUBSIDIES! THE OTHER INCENTIVE-BASED INSTRUMENT: THE CASE OF THE CONSERVATION RESERVE PROGRAM

SUBSIDIES! THE OTHER INCENTIVE-BASED INSTRUMENT: THE CASE OF THE CONSERVATION RESERVE PROGRAM

Resource information

Date of publication
December 2003
Resource Language
ISBN / Resource ID
AGRIS:US2012204618

In this paper, we examine command-and-control (CAC) policies and market-based instruments (MBI) in the context of the Conservation Reserve Program (CRP). The CRP, an MBI in the form of subsidies, is by far the largest agro-environmental policy implemented to date. We compare the environmental performance of the CRP as implemented to a few counterfactual CAC polices using EPIC (Environmental Policy Integrated Climate), a bio-physical simulation model. In the context of multiple environmental indicators, no policy alternative emerges as a clear winner. The importance of the choice and design of CAC policies is emphasized.

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Authors and Publishers

Author(s), editor(s), contributor(s)

Feng, Hongli
Kling, Catherine L.
Kurkalova, Lyubov A.
Secchi, Silvia

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