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Examining Point-Nonpoint Trading Ratios for Acid Mine Drainage Remediation with a Spatial-Temporal Optimization Model AgEcon
Zhao, Xiaobing; Fletcher, Jerald J..
A trading ratio is required for water quality trading that involves nonpoint sources to compensate for the difficulty of determining nonpoint loadings, the stochastic characteristics of nonpoint loadings, and the uncertainty inherent in nonpoint source pollution control strategies. Compensating for risk and uncertainty is one of the primary justifications that a trading ratio greater than one is commonly considered. However, the appropriate specific value of a trading ratio remains unclear because of qualitative differences between point and nonpoint sources. This study addresses a growing concern with the analytical underpinnings of point/nonpoint trading ratios in water quality trading programs. This paper considers a basic spatial-temporal optimal...
Tipo: Conference Paper or Presentation Palavras-chave: Point-nonpoint water quality trading; Trading ratio; Acid mine drainage; Spatial-temporal optimization; Environmental Economics and Policy.
Ano: 2005 URL: http://purl.umn.edu/19231
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