Breen, James P.; Donnellan, Trevor; Westhoff, Patrick C. - International Association of Agricultural Economists - IAAE - 2012
simulate a market for emissions permits and the farm incomes are re-estimated. Finally, the implications for farm incomes of … Nitrates Directive being a recent example. Economic theory indicates that market based solutions such as tradable emissions … permits are the least cost means of achieving desired reductions in emissions. This paper compares the impact on farm incomes …