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The Social Costs of Mineland Restoration

The Social Costs of Mineland Restoration Abstract: A model of mineland restoration is presented to show the wedge between mine operator and social planner decisions and social costs of current instruments. We find, first, mine operator efforts may not match socially optimal levels and consequently generate relatively high social costs, second, social costs can be reduced using a bond that targets eventual site factors and land rent generation, and, third, in general, social costs may not be eliminated fully at bond levels that still encourage the mine operator to choose forest over grassland as a postmining use. This suggests greater scope for command- and control-based regulation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Land Economics University of Wisconsin Press

The Social Costs of Mineland Restoration

Land Economics , Volume 85 (4) – Apr 4, 2009

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Publisher
University of Wisconsin Press
Copyright
Copyright © University of Wisconsin Press
ISSN
1543-8325
Publisher site
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Abstract

Abstract: A model of mineland restoration is presented to show the wedge between mine operator and social planner decisions and social costs of current instruments. We find, first, mine operator efforts may not match socially optimal levels and consequently generate relatively high social costs, second, social costs can be reduced using a bond that targets eventual site factors and land rent generation, and, third, in general, social costs may not be eliminated fully at bond levels that still encourage the mine operator to choose forest over grassland as a postmining use. This suggests greater scope for command- and control-based regulation.

Journal

Land EconomicsUniversity of Wisconsin Press

Published: Apr 4, 2009

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