Soybean Best Management Practices for Louisiana, USA, Agricultural Nonpoint Source Water Pollution Control

2010 ◽  
Vol 41 (13) ◽  
pp. 1615-1626 ◽  
Author(s):  
Charles Lindau ◽  
Pat Bollich ◽  
Jason Bond
1999 ◽  
Vol 28 (1) ◽  
pp. 37-43 ◽  
Author(s):  
Rodney B.W. Smith ◽  
Theodore D. Tomasi

Assuming asymmetric information over farmer profits and zero transaction costs, prior literature has suggested that when regulating nonpoint source water pollution, a tax on management practices (inputs) can implement full-information allocations and is superior to a tax on estimated runoff. Using mechanism design theory under asymmetric information, this paper shows that under the same assumptions, management practice taxes and taxes on estimated runoff are equally efficient.


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