Resource Management under Production and Output Price Uncertainty: Implications for Environmental Policy
分析了在产出价格和生产不确定性下，风险规避型农民如何应对利润、投入和产出税的变化，并探讨这些政策对投入使用的影响，为环境政策设计提供参考。
Abstract Various environmental policies have been proposed to control agricultural runoff of nutrients and pesticides. The impacts of these policies on input use are complicated because of the various sources of uncertainty farmers face and the precise nature of farmers' risk attitude. A risk‐averse farmer's response to changed profit, input, and output taxes under output price and production uncertainty is examined. The impact of these policies on input use depends on the form of production uncertainty, risk‐input relationships, risk attitudes, and degrees of output price and production uncertainty. These results have implications for the design and implementation of environmental and other production‐related policies.