Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/185880 
Year of Publication: 
2007
Citation: 
[Journal:] Swiss Journal of Economics and Statistics [ISSN:] 2235-6282 [Volume:] 143 [Issue:] 4 [Publisher:] Springer [Place:] Heidelberg [Year:] 2007 [Pages:] 449-470
Publisher: 
Springer, Heidelberg
Abstract: 
We investigate environmental aspects of agriculture from a welfare economic perspective and show that both positive and negative effects exhibit the character of undepletable externalities. To internalise these externalities while taking equity concerns into account, we propose compensation of farmers and forest managers according to the marginal external benefit of their land and a combination of charges and subsidies to improve rural water quality. This is consistent with efficiency requirements, would not cause additional market distortions, and leave the property rights on the land with the farmers while assigning the right on clean air and water to the consumers.
Subjects: 
agriculture
externalities
land allocation
multifunctionality
property rights
JEL: 
D61
Q15
Q24
Q25
Q26
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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