K. Baylis; S. Peplow; G. Rausser; L. Simon
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This article compares the Agri-environmental policies (AEPs) of the United States and the European Union. AEPs are a form of payments for environmental services (PES) that target externalities created in agricultural production.
Introduction Comparisons – Origins and rationale – Services targeted – Degree of targeting of environmental services – Seller selection and opportunity cost – Baseline and additionality – Leakage and spill-over – Transaction costs – Monitoring and compliance – Permanence Analysis Conclusion