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A Collective Performance-Based Contract For Point-Nonpoint Source Pollution Trading


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


Collective performance-based trading can be achieved by pairing a team contract with an auction to determine team membership. The auction effectively overcomes adverse selection, and the team contract reduces the incentive to "free-ride" associated with moral hazard in teams.

Suggested Citation

  • Taylor, Michael A. & Randall, Alan & Sohngen, Brent, 2003. "A Collective Performance-Based Contract For Point-Nonpoint Source Pollution Trading," 2003 Annual meeting, July 27-30, Montreal, Canada 22069, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea03:22069
    DOI: 10.22004/ag.econ.22069

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    Environmental Economics and Policy;


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