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Nutrient Trading in Lake Rotorua: Choosing the Scope of a Nutrient Trading System

Author

Listed:
  • Kelly Lock

    (Motu Economic and Public Policy Research)

  • Suzi Kerr

    (Motu Economic and Public Policy Research)

Abstract

A nutrient trading system is one mechanism that is currently being considered to control and reduce nutrient loss into Lake Rotorua. However this may not be the best mechanism for controlling nutrient loss from all sources. A more comprehensive system improves efficiency and decreases market power opportunities, but it can also bring increased compliance and administrative costs. This paper discusses which sources should be included in a nutrient trading system for Lake Rotorua including. It examines existing systems and presents an empirical analysis to estimate the impact of including different nutrient sources.

Suggested Citation

  • Kelly Lock & Suzi Kerr, 2008. "Nutrient Trading in Lake Rotorua: Choosing the Scope of a Nutrient Trading System," Working Papers 08_05, Motu Economic and Public Policy Research.
    • Handle: RePEc:mtu:wpaper:08_05
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    File URL: https://motu-www.motu.org.nz/wpapers/08_05.pdf
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    References listed on IDEAS

    as
    1. Robert W. Hahn, 1984. "Market Power and Transferable Property Rights," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 99(4), pages 753-765.
    2. Kelly Lock & Stefan Leslie, 2007. "New Zealand's Quota Management System: A History of the First 20 Years," Working Papers 07_02, Motu Economic and Public Policy Research.
    3. Misiolek, Walter S. & Elder, Harold W., 1989. "Exclusionary manipulation of markets for pollution rights," Journal of Environmental Economics and Management, Elsevier, vol. 16(2), pages 156-166, March.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Kelly Lock & Suzi Kerr, 2008. "Nutrient Trading in Lake Rotorua: Overview of a Prototype System," Working Papers 08_02, Motu Economic and Public Policy Research.
    2. Lock, Kelly & Kerr, Suzi & Cox, Tim & Rutherford, Kit, 2008. "Assessing design options for a Nutrient Trading System using an integrated model," 2008 Conference, August 28-29, 2008, Nelson, New Zealand 96443, New Zealand Agricultural and Resource Economics Society.
    3. Suzi Kerr & Kelly Lock, 2010. "Improving Lake Water Quality Through a Nutrient Trading System: The Case of New Zealand’s Lake Rotorua," Chapters, in: Iris Claus & Norman Gemmell & Michelle Harding & David White (ed.), Tax Reform in Open Economies, chapter 11, Edward Elgar Publishing.
    4. Hugh McDonald & Suzi Kerr, 2011. "Trading Efficiency in Water Quality Trading Markets: An Assessment of Trade-Offs," Working Papers 11_15, Motu Economic and Public Policy Research.

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    More about this item

    Keywords

    Water quality; nutrients; trading; Lake Rotorua;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q57 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Ecological Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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