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Point-Nonpoint Source Pollution Trading Using Collective Performance Incentives

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Listed:
  • Taylor, Michael A.
  • Randall, Alan
  • Sohngen, Brent

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.

Suggested Citation

  • Taylor, Michael A. & Randall, Alan & Sohngen, Brent, 2001. "Point-Nonpoint Source Pollution Trading Using Collective Performance Incentives," 2001 Annual meeting, August 5-8, Chicago, IL 20776, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20776
    DOI: 10.22004/ag.econ.20776
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    References listed on IDEAS

    as
    1. Bystrom, Olof & Bromley, Daniel W., 1998. "Contracting For Nonpoint-Source Pollution Abatement," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(1), pages 1-19, July.
    2. Bengt Holmstrom, 1982. "Moral Hazard in Teams," Bell Journal of Economics, The RAND Corporation, vol. 13(2), pages 324-340, Autumn.
    3. Arun S. Malik & David Letson & Stephen R. Crutchfield, 1993. "Point/Nonpoint Source Trading of Pollution Abatement: Choosing the Right Trading Ratio," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(4), pages 959-967.
    4. Kritikos Alexander S., 1993. "Environmental Policy under Imperfect Information: Comment," Journal of Environmental Economics and Management, Elsevier, vol. 25(1), pages 89-92, July.
    5. Segerson, Kathleen, 1988. "Uncertainty and incentives for nonpoint pollution control," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 87-98, March.
    6. 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 9780199243259, Decembrie.
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