Delivery coefficients have long been used in economic analysis of policies that seek to address environmental problems like water pollution. However, the derivation and validity of delivery coefficients have not been examined carefully by empirical analyses. We derived estimates of delivery...

This paper analyzes the efficient design of green payments. Green payments can generate environmental benefits and support farmers' income. We extend a standard adverse selection model by incorporating dual policy goals into the design of green payments: conservation and income support. We also...

A pollution regulator seeking to maximize social surplus can be viewed as facing two efficiency problems. One is that, given abatement technology investment decisions, it should attempt to ensure that firms which should produce do produce and firms which should not produce do not produce. This...

We examine the social efficiency of alternative intertemporal permit trading regimes. Banking with a 1-to-1 ratio and with a non-unitary intertemporal trading ratio (ITR) are compared with each other and with the no-banking permit trading regime. The more industry-wide shocks vary, and/or the...

Carbon sequestration is a temporal process in which carbon is continuously being stored/released over a period of time. Dierent methods of carbon accounting can be used to account for this temporal nature including annual average carbon, annualized carbon, and ton-year carbon. In this paper,...

This paper estimates the costs of implementing a broad ranging set of conservation practices on Iowa's landscape. A water quality model is combined with economic cost estimates to predict the improved water quality and costs associated with this set of conservation practices identified

This paper is the third component in a four part series that together describe an integrated modeling framework that has been constructed for the Upper Mississippi River Basin.