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Accounting for Transaction Costs in Point/Nonpoint Water Quality Trading Programs in the Chesapeake Bay Watershed

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  • Ribaudo, Marc
  • McCann, Laura M.J.

Abstract

Transaction costs are commonly identified as a major reason why so few point/nonpoint trades have occurred in water quality trading programs. We examine the transaction costs to buyers and sellers in Pennsylvania's trading program, and compare them to baseline costs.

Suggested Citation

  • Ribaudo, Marc & McCann, Laura M.J., 2012. "Accounting for Transaction Costs in Point/Nonpoint Water Quality Trading Programs in the Chesapeake Bay Watershed," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 123509, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea12:123509
    DOI: 10.22004/ag.econ.123509
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    References listed on IDEAS

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    1. McCann, Laura & Colby, Bonnie & Easter, K. William & Kasterine, Alexander & Kuperan, K.V., 2005. "Transaction cost measurement for evaluating environmental policies," Ecological Economics, Elsevier, vol. 52(4), pages 527-542, March.
    2. Ribaudo, Marc & Ghosh, Gaurav S. & Shortle, James S., 2009. "Do baseline requirements hinder trades in water quality trading programs?," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49258, Agricultural and Applied Economics Association.
    3. Stavins Robert N., 1995. "Transaction Costs and Tradeable Permits," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 133-148, September.
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    Cited by:

    1. Lim, Teng & Massey, Ray & McCann, Laura & Canter, Timothy & Omura, Seabrook & Willett, Cammy & Roach, Alice & Key, Nigel & Dodson, Laura, 2023. "Increasing the Value of Manure for Farmers," USDA Miscellaneous 333552, United States Department of Agriculture.
    2. Karen Fisher-Vanden & Sheila Olmstead, 2013. "Moving Pollution Trading from Air to Water: Potential, Problems, and Prognosis," Journal of Economic Perspectives, American Economic Association, vol. 27(1), pages 147-172, Winter.
    3. Carson Reeling & Richard D. Horan & Cloé Garnache, 2020. "When the Levee Breaks: Can Multi‐Pollutant Markets Break the Dam on Point–Nonpoint Market Participation?," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(2), pages 625-640, March.
    4. Rees, Gwen & Stephenson, Kurt & Taylor, Daniel B., 2015. "The Impact of Transaction Costs and Differential BMP Adoption Rates on the Cost of Reducing Agricultural Nonpoint Source Pollution in Virginia," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196834, Southern Agricultural Economics Association.

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    Keywords

    Environmental Economics and Policy;

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