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A Spatial Assessment of Possible Water Quality Trading Markets in Tennessee

Author

Listed:
  • David C. Roberts
  • Christopher D. Clark
  • William M. Park
  • Burton C. English

Abstract

Trading in water pollution reduction credits, or “water quality trading,” (WQT) has been touted as a cost-effective solution to water quality impairments caused by nutrients and other oxygen-demanding pollutants. However, trading programs require buyers and sellers to be successful. Whether a particular source of pollutants is capable of participating in a trading program depends upon the spatial relationship of that source to both impairments and other sources. This paper analyzes these spatial relationships for all of Tennessee's watersheds to evaluate the feasibility of water quality trading and to identify areas where trading programs are most likely to be successful. Copyright 2008, Oxford University Press.

Suggested Citation

  • David C. Roberts & Christopher D. Clark & William M. Park & Burton C. English, 2008. "A Spatial Assessment of Possible Water Quality Trading Markets in Tennessee," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(4), pages 711-728.
  • Handle: RePEc:oup:revage:v:30:y:2008:i:4:p:711-728
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    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2008.00442.x
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    References listed on IDEAS

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    1. Cornes,Richard & Sandler,Todd, 1996. "The Theory of Externalities, Public Goods, and Club Goods," Cambridge Books, Cambridge University Press, number 9780521477185, March.
    2. McCluskey, Jill J., 2000. "A Game Theoretic Approach to Organic Foods: An Analysis of Asymmetric Information and Policy," Agricultural and Resource Economics Review, Cambridge University Press, vol. 29(01), pages 1-9, April.
    3. Wanki Moon & Wojciech J. Florkowski & Bernhard Brückner & Ilona Schonhof, 2002. "Willingness to Pay for Environmental Practices: Implications for Eco-Labeling," Land Economics, University of Wisconsin Press, vol. 78(1), pages 88-102.
    4. Julie A. Caswell & Eliza M. Mojduszka, 1996. "Using Informational Labeling to Influence the Market for Quality in Food Products," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1248-1253.
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    1. repec:bla:ecanth:v:4:y:2017:i:2:p:225-238 is not listed on IDEAS

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