Adjustment of small, medium, and large Vermont dairy farms to successively tighter constraints on phosphorus loss was modeled using linear programming. Aggregate response to phosphorus control was estimated for an area from farm marginal costs. Medium and large farms have lower costs than small...

This paper outlines a conceptual framework for dealing with non-efficiency objectives in the pricing of publicly controlled natural resources. A general equilibrium model is developed and issues of model specification and solution are discussed. Finally, a numerical example serves to illustrate...