Agricultural Economics Department
Date of this Version
This paper addresses the issue of the shadow price of environmental bads treated as an undesirable output (normal input) with weak (strong) disposability in a two-stage estimation. Nebraska agriculture sector time series data is spread over 1936-94. Results indicate the difference in the price due to the disposability property.
Selected Paper, American Agricultural Economics Association Meetings, Nashville, Tennessee, August 8-11, 1999. Copyright 1999 by Saleem Shaik and Glenn A. Helmers. Used by permission.