SUBSIDIES! THE OTHER INCENTIVE-BASED INSTRUMENT: THE CASE OF THE CONSERVATION RESERVE PROGRAM
以美国保护储备计划为例，比较了补贴型市场工具与命令控制型政策的环境绩效，发现没有一种政策在所有环境指标上明显占优，强调了政策选择与设计的重要性。
In this paper, we examine command-and-control (CAC) policies and market-based instruments (MBI) in the context of the Conservation Reserve Program (CRP). The CRP, an MBI in the form of subsidies, is by far the largest agro-environmental policy implemented to date. We compare the environmental performance of the CRP as implemented to a few counterfactual CAC polices using EPIC (Environmental Policy Integrated Climate), a bio-physical simulation model. In the context of multiple environmental indicators, no policy alternative emerges as a clear winner. The importance of the choice and design of CAC policies is emphasized.