Nitrogen Farming in the Mississippi Watershed: A Policy Comparison

Brian Scott, Richard M. Peck, Carol Tallarico and Jill Kostel
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Brian Scott: Washington College
Richard M. Peck: University of Illinois at Chicago
Carol Tallarico: Dominican University
Jill Kostel: The Wetlands Initiative

Journal of Economic Insight, 2011, vol. 37, issue 2, 1-17

Abstract: The aim of this study is to evaluate three market models in their ability to support nitrogen removal through a managed wetland market. The unrestricted model allows emitters to buy permits from any wetland, has the lowest abatement cost, and highest environmental damage as defined in this paper. The “backyard” model, requiring emitters to exhaust permit supply in their local wetland area before purchasing permits elsewhere, was more costly and only marginally less environmentally damaging. The penalties model required emitters to obtain extra permits if non-local permits were purchased, and was most costly and least environmentally damaging.

JEL-codes: Q15 Q21 Q25 Q52 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:mve:journl:v:37:y:2011:i:2:p:1-17

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