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Setting Permit Prices in a Transferable Discharge Permit (TDP) System for Water Quality Management AgEcon
Collentine, Dennis.
The composite market design is a proposal for a Transferable Discharge Permit (TDP) system which specifically includes agricultural non-point source (NPS) dischargers and addresses both property rights and transaction cost problems. The first step to implementation of a composite market scheme is the estimation of a supply curve for abatement measures in the catchment area. Estimation is performed by combining costs with modeled loss reductions from selected Best Management Practices (BMPs) and then using this information to estimate the supply curve for abatement which in turn can then be used to set permit prices. The Ronnea catchment in southern Sweden is used as a pilot study area for making this type of estimate. Costs for existing measures that...
Tipo: Conference Paper or Presentation Palavras-chave: Tradable permits; Catchment management; NPS; Environmental Economics and Policy; Q15; Q25.
Ano: 2005 URL: http://purl.umn.edu/24452
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