Lankoski, Jussi; Lichtenberg, Erik; Ollikainen, Markku - In: American Journal of Agricultural Economics 90 (2008) 4, pp. 1044-1058
Potential earnings from permits sales may provide an incentive for farmers to accept water quality regulation. We derive optimal adjustments of point/nonpoint effluent trading ratios for heterogeneity in marginal environmental damage and degradation/retention of the pollutant across locations in...
