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- Title
A Pollution Offset System for Trading Non-Point Source Water Pollution Permits.
- Authors
Prabodanie, R.; Raffensperger, John; Milke, Mark
- Abstract
Water pollution from non-point sources is a global environmental concern. Economists propose tradable permit systems as a solution, but they are difficult to implement due to the nature of non-point sources. We present a pollution offset system for trading non-point source water pollution permits. Conventional pollution offset systems suffer from thin markets and transaction costs. In this paper, we show how to overcome these problems with a centrally managed common-pool market. We define permits as allowable nitrate loading to a groundwater aquifer. This trading system utilizes estimates of potential nitrate leaching from land uses, a set of transport coefficients generated from a simulation of nitrate transport in groundwater, an online trading system, and a linear program to clear the market. We illustrate the concept using a hypothetical case study.
- Subjects
LEACHING; WATER pollution monitoring; NONPOINT source pollution research; NITRATES &; the environment; WATER pollution
- Publication
Environmental & Resource Economics, 2010, Vol 45, Issue 4, p499
- ISSN
0924-6460
- Publication type
Article
- DOI
10.1007/s10640-009-9325-1