The Economics of Total Maximum Daily Loads

This article begins by exploring the institutional and historical forces shaping the total maximum daily load (TMDL) approach from an economic perspective. Next, it discusses the suitability of applying various types of economic analyses and policy instruments to individual TMDLs or the TMDL program...

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Bibliographic Details
Published in:Natural resources journal 2003-10, Vol.43 (4), p.1057-1091
Main Author: KEPLINGER, KEITH
Format: Article
Language:English
Subjects:
Cost allocation
Cost control
Cost efficiency
Cost estimates
Economic benefits
Environmental agencies
Environmental economics
Environmental law
Environmental policy
Green taxes
Natural resources
Phosphorus
Pollution control
U.S.A
Water pollution
Water quality
Water resources
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Summary:This article begins by exploring the institutional and historical forces shaping the total maximum daily load (TMDL) approach from an economic perspective. Next, it discusses the suitability of applying various types of economic analyses and policy instruments to individual TMDLs or the TMDL program. Costeffectiveness analysis is shown to be particularly amenable to and appropriate for application to individual TMDLs while pollution trading may offer a mechanism for achieving water quality goals at lower cost. The final section of the article presents a case study that documents a formal application of economic analyses to an actual TMDL.
ISSN:0028-0739
2640-2149