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REDUCING REGULATORY UNCERTAINTY IN POLLUTANT TRADING; Proceedings of the 4th Minnesota Padova Conference on Food, Agriculture, and the Environment, September 4-10, 1994, Wayzata, MN

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  • Taff, Steven J.
  • Senjem, Norman

Abstract

In this paper, we postulate that uncertainties associated with nonpoint source pollution and with certain features of pollutant trading may tend to outweigh the potential benefits of pollutant trading from the standpoint of regulatory agencies and point source dischargers. After identifying several major sources of such uncertainties, we outline a trading scheme for a typical phosphorus-polluted water body in an agricultural watershed. The scheme limits uncertainty while preserving the efficiency-seeking features of trading to effect water quality improvements.

Suggested Citation

  • Taff, Steven J. & Senjem, Norman, 1995. "REDUCING REGULATORY UNCERTAINTY IN POLLUTANT TRADING; Proceedings of the 4th Minnesota Padova Conference on Food, Agriculture, and the Environment, September 4-10, 1994, Wayzata, MN," Working Papers 14438, University of Minnesota, Center for International Food and Agricultural Policy.
  • Handle: RePEc:ags:umciwp:14438
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    File URL: http://ageconsearch.umn.edu/record/14438/files/wp95035b.pdf
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    Keywords

    Environmental Economics and Policy;

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