Economic efficiency and equity in water quality control: Effluent taxes and information requirements |
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Authors: | Henry W Herzog |
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Institution: | Department of Economics, The University of Tennessee, Knoxville, Tennessee 37916, USA |
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Abstract: | Water quality standards for any river system can be achieved under numerous management programs or assignment patterns for waste treatment responsibility. This study examines three effluent charge (tax) programs along with a management program based on equal percentage treatment. Each program is developed within the general framework of a water quality management model and is designed to minimize the total real resource cost of waste treatment subject to program constraints (information availability) and water quality standards. An assessment of the relative efficiency and equity of these programs is made within a water quality management simulation of the Patuxent River in Maryland. |
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