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| Sado, Yukako; Boisvert, Richard N.; Poe, Gregory L.. |
| We use the non-tidal Passaic River Watershed as a case study to investigate the size of potential cost savings associated with allowing phosphorus emissions trading amongst Waste Water Treatment Plants (WWTP) to achieve a significant reduction in ambient phosphorus levels. To measure the cost saving, we specify a trading-ratio system similar to that proposed recently by Hung and Shaw (JEEM, 2005) that minimizes the abatement cost of meeting environmental standards. Because there are relatively few potential traders and abatement costs are relatively homogeneous across firms, the cost savings to the 22 municipal waste water treatment plants relative to the base case will be on the order of 7%. We believe that these results fail to support efforts to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Resource /Energy Economics and Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9758 |
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