Sustainable agriculture is prescribed as a policy approach that maximizes economic benefits while maintaining environmental quality. It is argued that this approach is human capital-intensive and encourages new scientific developments. To attain sustainability, economic incentives for the development and adoption of precision technologies (with minimal residues that cause environmental damage) have to be developed. Taxation and tradeable permits are desirable policies to attain first-best solutions; however, when heterogeneity and lack-of-information problems are significant, alternative institutions have to be developed. The paper presents and discusses such institutions.

Original languageEnglish (US)
Pages (from-to)63-80
Number of pages18
JournalAustralian Journal of Agricultural and Resource Economics
Issue number1
StatePublished - Mar 1997

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics


Dive into the research topics of 'Economics of new technologies for sustainable agriculture'. Together they form a unique fingerprint.

Cite this