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Evaluating the economic benefits of pesticide usage
Authors:Russell F Settle
Institution:Department of Economics, University of Delaware, Newark, DE 19711 U.S.A.
Abstract:In regulating the use of a pesticide, one critical element taken into consideration by the U.S. Environmental Protection Agency is the magnitude of the benefits provided by the pesticide. A number of alternative, and legitimate, definitions of pesticide benefits are discussed and their implications for the regulatory process identified. Recommendations for improving the regulatory process are proposed.
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