Water-quality trading: Can we get the prices of pollution right?

Yoshifumi Konishi, Jay S. Coggins, Bin Wang

研究成果: Article査読

3 被引用数 (Scopus)

抄録

Water-quality trading requires inducing permit prices that account properly for spatially explicit damage relationships. We compare recent work by Hung and Shaw (2005) and Farrow et al. (2005) for river systems exhibiting branching and nonlinear damages. The Hung-Shaw scheme is robust to nonlinear damages, but not to hot spots occurring at the confluence of two branches. The Farrow et al. (2005) scheme is robust to branching, but not to nonlinear damages. We also compare the two schemes to each other. Neither dominates from a welfare perspective, but the comparison appears to tilt in favor of the Farrow et al. scheme.

本文言語English
ページ(範囲)3126-3144
ページ数19
ジャーナルWater Resources Research
51
5
DOI
出版ステータスPublished - 2015 5 1
外部発表はい

ASJC Scopus subject areas

  • Water Science and Technology

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