Journal
LAND ECONOMICS
Volume 96, Issue 4, Pages 510-530Publisher
UNIV WISCONSIN PRESS
DOI: 10.3368/wple.96.4.510
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Funding
- National Science Foundation Coupled Human and Natural Systems program [GRT00022685]
- Innovations at the Nexus of Food, Energy, and Water Systems program [1739909]
- USDA National Institute of Food and Agriculture Hatch Project [101,030]
- Ohio Sea Grant program [R/ME-038]
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We develop the first spatially integrated economic-hydrologic model of the western Lake Erie basin explicitly linking economic models of farmers' field-level best management practice (BMP) adoption choices with the Soil and Water Assessment Tool to evaluate nutrient management policy cost-effectiveness. We quantify trade-offs among phosphorus reduction policies and find that a hybrid policy coupling a fertilizer tax with cost-share payments for subsurface placement is the most cost-effective and can achieve the policy goal of 40% reduction in nutrient loadings. We also find economic adoption models alone can overstate the potential for BMPs to reduce nutrient loadings by ignoring biophysical complexities.
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