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The Design And Comparative Economic Performance Of Alternative Second-Best Point/Nonpoint Trading Markets

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  • Horan, Richard D.
  • Shortle, James S.
  • Abler, David G.
  • Ribaudo, Marc

Abstract

There is considerable interest in the use of pollution trading between point and nonpoint sources to improve the cost-effectiveness of water pollution control, but little literature to guide the design of trading systems involving nonpoint sources. We explore the design of two types of trading systems that would allow trading among and between point and nonpoint sources.

Suggested Citation

  • Horan, Richard D. & Shortle, James S. & Abler, David G. & Ribaudo, Marc, 2001. "The Design And Comparative Economic Performance Of Alternative Second-Best Point/Nonpoint Trading Markets," Staff Paper Series 11595, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11595
    DOI: 10.22004/ag.econ.11595
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    References listed on IDEAS

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    Cited by:

    1. Nguyen, Nga & Shortle, James S., 2006. "Transactions Costs and Point-Nonpoint Source Water Pollution Trading," 2006 Annual meeting, July 23-26, Long Beach, CA 21096, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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