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A Spatial Assessment of Possible Water Quality Trading Markets in Tennessee

Author

Listed:
  • David C. Roberts
  • Christopher D. Clark
  • William M. Park
  • Burton C. English

Abstract

Trading in water pollution reduction credits, or "water quality trading," (WQT) has been touted as a cost-effective solution to water quality impairments caused by nutrients and other oxygen-demanding pollutants. However, trading programs require buyers and sellers to be successful. Whether a particular source of pollutants is capable of participating in a trading program depends upon the spatial relationship of that source to both impairments and other sources. This paper analyzes these spatial relationships for all of Tennessee's watersheds to evaluate the feasibility of water quality trading and to identify areas where trading programs are most likely to be successful.

Suggested Citation

  • David C. Roberts & Christopher D. Clark & William M. Park & Burton C. English, 2008. "A Spatial Assessment of Possible Water Quality Trading Markets in Tennessee," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 30(4), pages 711-728.
    • Handle: RePEc:oup:revage:v:30:y:2008:i:4:p:711-728.
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    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2008.00442.x
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    References listed on IDEAS

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    1. R. Scott Farrow & Martin T. Schultz & Pinar Celikkol & George L. Van Houtven, 2005. "Pollution Trading in Water Quality Limited Areas: Use of Benefits Assessment and Cost-Effective Trading Ratios," Land Economics, University of Wisconsin Press, vol. 81(2).
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    Cited by:

    1. Galik, Christopher S. & Olander, Lydia P., 2018. "Facilitating markets and mitigation: A systematic review of early-action incentives in the U.S," Land Use Policy, Elsevier, vol. 72(C), pages 1-11.
    2. Caela O'Connell & Marzieh Motallebi & Deanna L. Osmond & Dana L. K. Hoag, 2017. "Trading on risk: The moral logics and economic reasoning of North Carolina farmers in water quality trading markets," Economic Anthropology, Wiley Blackwell, vol. 4(2), pages 225-238, June.
    3. Wang, Zhiyu, 2018. "Permit trading with flow pollution and stock pollution," Journal of Environmental Economics and Management, Elsevier, vol. 91(C), pages 118-132.

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