Environmental Policy, Technology Substitution and Cross-Media Transfers. Livestock Series Report 6

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1996-11-01
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Osei, Edward
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Babcock, Bruce
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Center for Agricultural and Rural Development

The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.

CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.

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This paper provides a framework to analyze environmental policy when the transfer of pollutants from one medium to another is deemed important. The authors characterize the conditions under which such cross-media transfers are socially beneficial, and provide criteria for the choice of technologies as functions of the society's preferences for different environmental media. Society's solution is shown to lead to the least level of damage, output, and waste treatment costs.

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