Designing Nonpoint Source Policies With Limited Information About Both Risk Attitudes and Production Technology

A pollution reduction program is designed where information about both techno logy and risk preferences is asymmetric. Program costs and the distribution of payments depend on the amount of information known to the policy maker. Empirically testable conditions for selfselection are derived; the method is applied to reducing nitrate contamination.


Issue Date:
2001-07
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/127661
Total Pages:
45
Series Statement:
WP
2001-13




 Record created 2017-04-01, last modified 2017-08-26

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