AN OPTIMAL CONTROL APPROACH TO WATER QUALITY TRADING: COST-EFFECTIVE POINT/NONPOINT MANAGEMENT IN A WATERSHED FRAMEWORK

Xiaobing Zhao and Jerald J. Fletcher

No 20195, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study reflects a growing interest in water quality trading involving both point and nonpoint sources in a watershed framework. An empirical spatial-temporal optimal control model is presented and solved to assess the scope and implications of point/nonpoint trading. Results indicate significant economic gains to broader based interpretations of trading rules.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 25
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:20195

DOI: 10.22004/ag.econ.20195

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