Tradable Permits Under Threat to Manage Nonpoint Source Pollution
In this article we treat the problem of nonpoint source pollution as a problem of moral hazard in group. To solve this kind of problem we consider a group performance based tax coupled to tradable permits market. The tax is activated if the group fails to meet the ambient standard. So the role of the tax is to provide an incitation to ensure that the agents provide the abatement level necessary to achieve the standard. The role of the tradable permits market is to distribute effectively this abatement level through the price of the permits which rises with the exchange of the permits.
|Date of creation:||2008|
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- Kathleen Segerson & JunJie Wu, 2003.
"Nonpoint Pollution Control: Inducing First-best Outcomes through the Use of Threats,"
2003-03, University of Connecticut, Department of Economics, revised Aug 2004.
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- François Cochard & Marc Willinger & Anastasios Xepapadeas, 2005.
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Environmental & Resource Economics,
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- FranÃ§ois Cochard & Marc Willinger & Anastasios Xepapadeas, 2005. "Efficiency of nonpoint source pollution instruments: an experimental study," Working Papers 23298, Institut National de la Recherche Agronomique, France.
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