The purpose of this study is to evaluate agricultural producer response to opportunities to generate nutrient credits under Virginia’s water quality trading program. In 2005 the Virginia legislature passed legislation authorizing trade of nutrient reduction credits from nonpoint to...

Local water suppliers are increasingly faced with implementing policies to address temporary water shortages. This analysis estimates the reductions in residential water-use from the implementation of voluntary and mandatory water-use restrictions programs in Virginia. The level of information...

Emission trading programs have been discussed with respect to achieving water quality objectives and future caps on carbon emissions. A significant part of this literature explores the institutional and technical design issues associated with trades involving nonpoint effluent sources and carbon...

The contribution of nonmarket valuation studies to decisions about the operation of nonfederal hydroelectric facilities is examined. Hydropower licensing reforms by the Federal Energy Regulatory Commission to better weigh market and nonmarket tradeoffs did not require or use nonmarket valuation....

Economists and economic analysis can play different roles in the development of water quality management programs. Economists may develop cost analysis for improving regulatory program implementation or design institutional arrangements for market-like program. We argue that cost analysis may be...