We report results from an economic experiment where two markets institutions for controlling water pollution are compared. In the status quo institution, permit trades between point and nonpoint sources are subject to a trading ratio. In the alternative, nonpoint abatements are converted into...

This study addresses the problem of improving the performance of water quality trading auctions when information about delivery coefficients of nonpoint sources is revealed to potential sellers. We consider the case in which a regulator participating in an auction market as a buyer of water...

This study addresses the problem of improving the performance of water quality trading auctions when information about delivery coefficients of nonpoint sources is revealed to potential sellers. We consider the case in which a regulator participating in an auction market as a buyer of water...