Spatially Optimal Steady State Phosphorus Policies in Crop Production

Show simple item record Iho, Antti en 2008-09-17T10:13:33Z en 2009-06-17T14:06:05Z 2008-09-17T10:13:33Z en 2009-06-17T14:06:05Z 2008 en
dc.identifier.issn 1459-9996 en
dc.description.abstract We analyze optimal phosphorus fertilization and erosion control policies in a spatial, dynamic, stationary framework. First-best instruments to incentivize farmers to undertake the socially optimal choices are analyzed both analytically and empirically. The empirical application is conducted for a cereal production area of 4 hectares. We find that taxes on phosphorus use can equivalently be levied either on fertilizer use or directly on soil phosphorus. However, tax on soil phosphorus is simpler and poses lower information requirements for the social planner. Also, the potential differences in socially and privately applied discount rates are shown to affect optimal tax rates substantially. en
dc.language.iso en en
dc.publisher Helsingin yliopisto, taloustieteen laitos en
dc.relation.ispartofseries Discussion Papers en
dc.relation.ispartofseries 25 en
dc.subject Phosphorus en
dc.subject Dynamic programming en
dc.title Spatially Optimal Steady State Phosphorus Policies in Crop Production en
dc.type Article en
dc.identifier.laitoskoodi 876 fi
dc.creator.corporateName Taloustieteen laitos fi
dc.creator.corporateName Department of Economics and Management en
dc.creator.corporateName Ekonomi, Institutionen för sv

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