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Climate change and regulation of nitrogen loads under moral hazard
Swedish University of Agricultural Sciences.ORCID iD: 0000-0003-1653-3437
2014 (English)In: European Review of Agricultural Economics, ISSN 0165-1587, E-ISSN 1464-3618, Vol. 41, no 2, p. 327-351Article in journal (Refereed) Published
Abstract [en]

Within the European Union, it is agreed that watershed-based management of water quality problems is more efficient than centralised arrangements. In this study, a mechanism for allocating international funds to watershed authorities for nitrogen abatement in the presence of moral hazard is investigated. The results show that when there is a risk of climate change, the cost of moral hazard to the international funding agency can be high if there is a moderate likelihood of climate change and the watershed authority is guaranteed a high minimum compensation.

Place, publisher, year, edition, pages
2014. Vol. 41, no 2, p. 327-351
Keywords [en]
nitrogen, climate change, moral hazard, Baltic Sea, policy instruments
National Category
Economics
Identifiers
URN: urn:nbn:se:sh:diva-36591DOI: 10.1093/erae/jbt018ISI: 000332731100007Scopus ID: 2-s2.0-84896780323OAI: oai:DiVA.org:sh-36591DiVA, id: diva2:1258044
Projects
RECOCA
Funder
Swedish Research Council FormasBONUS - Science for a better future of the Baltic Sea regionAvailable from: 2018-10-23 Created: 2018-10-23 Last updated: 2018-10-23Bibliographically approved

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Elofsson, Katarina

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  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
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Output format
  • html
  • text
  • asciidoc
  • rtf