Water Quality Trading: Theoretical and Practical Approaches
Permit trading as an instrument to control air pollution has already been implemented in several countries, so in Europe since 2005. Could this instrument, however, also be adequately used for water pollution control of river basins in form of a water quality trading? Specific characteristics of rivers, pollutants and pollution sources strongly influence the design of such an instrument. This paper reviews theoretical and practical approaches on water quality trading. It is surprising that these approaches have never been linked by the literature. To fill this gap, this paper gives a first idea, how different water quality trading approaches (in theory and practice) can be made comparable.
|Date of creation:||Mar 2006|
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- McGartland, Albert, 1988. "A comparison of two marketable discharge permits systems," Journal of Environmental Economics and Management, Elsevier, vol. 15(1), pages 35-44, March.
- Krupnick, Alan J. & Oates, Wallace E. & Van De Verg, Eric, 1983. "On marketable air-pollution permits: The case for a system of pollution offsets," Journal of Environmental Economics and Management, Elsevier, vol. 10(3), pages 233-247, September.
- R. Andreas Kraemer & Eleftheria Kampa & Eduard Interwies, 2004. "The Role of Tradable Permits in Water Pollution Control," IDB Publications (Working Papers) 30998, Inter-American Development Bank.
- W. Montgomery, 1974. "Artificial markets and the theory of games," Public Choice, Springer, vol. 18(1), pages 25-40, June.
- Finn Førsund & Eric NÆvdal, 1998. "Efficiency Gains Under Exchange-Rate Emission Trading," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 12(4), pages 403-423, December.
- Montgomery, W. David, 1972. "Markets in licenses and efficient pollution control programs," Journal of Economic Theory, Elsevier, vol. 5(3), pages 395-418, December.
- Hung, Ming-Feng & Shaw, Daigee, 2005. "A trading-ratio system for trading water pollution discharge permits," Journal of Environmental Economics and Management, Elsevier, vol. 49(1), pages 83-102, January.
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