Evaluating own-price dynamics in taxing environmental externalities

Many parts of the world are experiencing severe drought, and with climate change, many of the planet’s most productive agricultural regions will suffer from increased water scarcity. Agricultural water pricing may be a critical instrument to managing increasingly scarce resources. Thus, understanding agricultural firms’ response to pricing is crucial to deploying prices to regulate water use. Many parts of the world are experiencing severe drought, and with climate change, many of the planet’s most productive agricultural regions will suffer from increased water scarcity. Agricultural water pricing may be a critical instrument to managing increasingly scarce resources. Thus, understanding agricultural firms’ response to pricing is crucial to deploying prices to regulate water use. Environment Phys.org – latest science and technology news stories