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COST‐EFFECTIVE POINT‐NONPOINT TRADING: AN APPLICATION TO THE SUSQUEHANNA RIVER BASIN1
Authors:Richard D. Horan  David G. Abler  James S. Shortle  Jeff Carmichael
Abstract:ABSTRACT: Point‐nonpoint trading has been suggested as a relatively efficient approach for reducing nutrient pollution in the Chesapeake Bay and elsewhere. However, relatively little economic research has examined the design of trading programs involving nonpoint sources. The purpose of this paper is to investigate the economics of several fundamental design choices for point‐nonpoint trading programs. The Susquehanna River Basin (SRB) in Pennsylvania as an example, although many of the insights should generally apply to other regions as well.
Keywords:water quality  Chesapeake Bay  economics  nutrients  nitrogen  agriculture  nutrient trading  pollution trading  cost effectiveness
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