Lessons about Effluent Trading from a Single Trade

Author: Woodward R.T.¹

Source: Review of Agricultural Economics, Volume 25, Number 1, June 2003 , pp. 235-245(11)

Publisher: Blackwell Publishing

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Abstract:

Despite many years of existence, programs that allow transferable discharge permits to control water pollution have had quite limited success. This paper discusses a single trade that recently took place in the Lake Dillon drainage basin between point and nonpoint pollution sources. This trade demonstrates many of the challenges that are faced in effluent trading but also highlights the potential efficiency gains that can be achieved through such programs.

Document Type: Research article

DOI: 10.1111/1467-9353.00056

Affiliations: 1: Richard T. Woodward is an Assistant Professor, Department of Agricultural Economics, Texas A&M University.

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