Tuesday, June 7, 2011

Hog farms and water quality

Here's a story from Reuters about command-and-control regs on hog farms that are intended to improve water quality (in Manitoba). This is clearly an interesting application of cost-benefit analysis.

What are the benefits of tighter restrictions? Are these values market or non-market? For the non-market components, what valuation procedures might be used to estimate the monetary value of better water quality?

What are the costs of the restrictions? How might they be estimated?

1 comment:

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