Based on data from 92 Minnesota cities, the analyses shows that neither marginal price or average price appear as the better predictor of demand. The price elasticity of demand ranges from -. 17 for marginal price in the linear model to -.27 for average price in the log linear model. It appears...

This paper investigates the economic and environmental cost-effectiveness of two point-nonpoint source water pollution trading projects under the NPDES framework in the Minnesota River Basin. It was found that while transaction costs were substantial, trades involving long lifetime structural...