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Point-Nonpoint Source Pollution Trading Using Collective Performance Incentives

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  • Taylor, Michael A.
  • Randall, Alan
  • Sohngen, Brent
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    Abstract

    Point-nonpoint trading markets must accommodate the problem of monitoring individual nonpoint source discharges (NPS). A permit trading market that allows the regulator to monitor noncompliance based on observable aggregate NPS pollution levels, through the use of a collective enforcement mechanism, may be more efficient than traditional technology-based trading.

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    File URL: http://purl.umn.edu/20776
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    Bibliographic Info

    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number 20776.

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    Date of creation: 2001
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    Handle: RePEc:ags:aaea01:20776

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    Keywords: Environmental Economics and Policy;

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    1. Segerson, Kathleen, 1988. "Uncertainty and incentives for nonpoint pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 87-98, March.
    2. Macho-Stadler, Ines & Perez-Castrillo, J. David, 2001. "An Introduction to the Economics of Information: Incentives and Contracts," OUP Catalogue, Oxford University Press, edition 2, number 9780199243273, July.
    3. Kritikos Alexander S., 1993. "Environmental Policy under Imperfect Information: Comment," Journal of Environmental Economics and Management, Elsevier, vol. 25(1), pages 89-92, July.
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