Water-quality trading is an area of active development in environmental markets. Unlike iconic national-scale air-emission trading programs, water-quality trading programs address local or regional water quality and are largely the result of innovations in water-pollution regulation by state or substate authorities rather than by national agencies. This article examines lessons from these innovations about the "real world" meaning of trading and its mechanisms, the economic merits of alternative institutional designs, utilization of economic research in program development, and research needed to improve the success of environmental markets for water quality.
Northeastern Agricultural and Resource Economics Association
U. S. Department of Agriculture's National Institute of Food and Agriculture
Australia / Australia
North America / Canada
North America / United States
Australia / New Zealand
Copyright 2013 Northeastern Agricultural and Resource Economics Association.
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