Standard approaches to environmental and natural resource use externalities generally focus on single-sector resources and user groups. Remedies include Pigouvian-style government constraints, small group controls following Elinor Ostrom, or less frequently, bargaining across users as outlined...

Standard approaches to environmental and natural resource use externalities generally focus on single-sector resources and user groups. Remedies include Pigouvian-style government constraints, small group controls following Elinor Ostrom, or less frequently, bargaining across users as outlined...

In the United States, the Clean Water Act requires compensatory measures for aquatic ecosystems damaged by development projects. From the 90?s to improve the quality of the system, we have seen the emergence of a market system to supervise the transactions related to the implementation of...