Roberts, David C.; Clark, Christopher D.; Park, William M. - In: Review of Agricultural Economics 30 (2008) 4, pp. 711-728
Trading in water pollution reduction credits, or “water quality trading,” (WQT) has been touted as a cost-effective solution to water quality impairments caused by nutrients and other oxygen-demanding pollutants. However, trading programs require buyers and sellers to be successful. Whether...