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

Marc Ribaudo and Laura M.J. McCann

No 123509, 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington from Agricultural and Applied Economics Association

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.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 11
Date: 2012
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea12:123509

DOI: 10.22004/ag.econ.123509

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