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| Peterson, Jeffrey M.; Fox, John A.; Leatherman, John C.; Smith, Craig M.. |
| Interest has grown in Water Quality Trading (WQT) as a means to achieve water quality goals, with more than 70 such programs now in operation in the United States. Substantial evidence exists that nonpoint sources can reduce nutrient loading at a much lower cost than point sources, implying the existence of gains from trade. Despite the potential gains, however, the most commonly noted feature of existing WQT markets is low trading volume, with many markets resulting in zero trades. This paper evaluates one explanation for the lack of participation from agricultural nonpoint sources. We test for and quantify the intangible costs that may deter farmers from trading even if the monetary benefits from doing so outweigh the observable out-of-pocket costs. We... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9726 |
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