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COST-EFFECTIVE POINT-NONPOINT TRADING: AN APPLICATION TO THE SUSQUEHANNA RIVER BASIN

Point-nonpoint trading has been suggested as a relatively efficient approach for reducing nutrient pollution in the Chesapeake Bay and elsewhere. However, relatively little economic research has examined the design of trading programs involving nonpoint sources. The purpose of this paper is to inves...

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Bibliographic Details
Published in:Journal of the American Water Resources Association 2002-04, Vol.38 (2), p.467-477
Main Authors: Horan, Richard D., Abler, David G., Shortle, James S., Carmichael, Jeff
Format: Article
Language:English
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Summary:Point-nonpoint trading has been suggested as a relatively efficient approach for reducing nutrient pollution in the Chesapeake Bay and elsewhere. However, relatively little economic research has examined the design of trading programs involving nonpoint sources. The purpose of this paper is to investigate the economics of several fundamental design choices for point-nonpoint trading programs. The Susquehanna River Basin (SRB) in Pennsylvania is an example, although many of the insights should generally apply to other regions as well.
ISSN:1093-474X
1752-1688
DOI:10.1111/j.1752-1688.2002.tb04330.x