Nr. Netusil et Jb. Braden, MARKET AND BARGAINING APPROACHES TO NONPOINT-SOURCE POLLUTION-ABATEMENT PROBLEMS, Water science and technology, 28(3-5), 1993, pp. 35-45
Citations number
10
Categorie Soggetti
Water Resources","Environmental Sciences","Engineering, Civil
The ability of a market type mechanism to significantly reduce the com
pliance costs of current state and national erosion standards is inves
tigated. The ability of such an institution when applied to a recursiv
ely produced pollutant such as sediment from agricultural Land is, how
ever, extremely sensitive to the order in which contracts are executed
. The gain-ranked order of contracting is found to result in a larger
reduction in costs than the mean cost reduction calculated under a ran
dom order of contracting. The degree to which actual contracting more
closely corresponds to the random or gain-ranked order is, therefore,
of importance given the desirability of achieving a sediment load at t
he least cost possible.