Regulatory Policy Design for Agroecosystem Management on Public Rangelands
构建模型分析公共牧场农业生态系统管理的监管设计，比较投入监管、成本分摊/税收和绩效监管的效率，发现信息不对称和预算约束下不同监管工具的优劣。
This paper develops a model to analyze regulatory design for agroecosystem management on public rangeland. We define and compare the efficiency of the most prominent regulatory instruments on public rangeland—input regulation, cost‐sharing/taxation, and performance regulation. We show that given informational asymmetries between ranchers and regulators within federal land management agencies, performance regulation can achieve first‐best outcomes when regulators can perfectly monitor ranch‐level ecological conditions and do not face constraints due to budget limitations or restrictions on the level of penalties they can assess, but that under imperfect monitoring and/or budgetary/penalty constraints, input regulation and cost‐sharing/taxation can dominate performance regulation.