Market Incentives to Reduce Nonpoint Source Agricultural Nutrient Pollution: A Theoretical and Implementational Discussion

The reduction of nonpoint agricultural pollution can be achieved through market-based methods, according to this analysis of the theory and implementation of methods such as excess nutrient taxation, animal waste disposal subsidies for off-site disposal and transport, compost subsidies, and a permit...

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Bibliographic Details
Published in:Journal of environmental systems 1995-01, Vol.24 (2), p.151-167
Main Authors: Norman, Marc E., Keenan, John D.
Format: Article
Language:English
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Summary:The reduction of nonpoint agricultural pollution can be achieved through market-based methods, according to this analysis of the theory and implementation of methods such as excess nutrient taxation, animal waste disposal subsidies for off-site disposal and transport, compost subsidies, and a permit trading system for nutrients. Market incentives often prompt the polluter to reduce pollution to a socially acceptable level, given the management of all implementation factors. These include education, monitoring, enforcement, and political implications. Market-based incentives can also be compromised by market inefficiencies, which must be addressed through direct educational outreach.
ISSN:0047-2433
1541-3802
DOI:10.2190/0APH-V62F-JEUA-GT6X