Over the past several decades, market-based approaches to natural resource management have received increased attention as a means to cost-effectively achieve environmental quality goals. Following on what has been hailed a success for reducing air pollution, water quality trading (WQT) has more...

Interest has grown in Water Quality Trading (WQT) as a means to achieve water quality goals, with more than 70 such programs now in operation in the United States. Substantial evidence exists that nonpoint sources can reduce nutrient loading at a much lower cost than point sources, implying the...

A simulation model is developed to quantify the effects of information and trading ratios on the performance of a water quality market. An application of this model to a northeast Kansas watershed suggests that performance is improved by information provision and a 1:1 trading ratio between...

While there is substantial evidence that nonpoint sources have lower nutrient reduction costs than point sources, experience with water quality trading (WQT) reveals a common theme: little or no trading activity. The success of WQT seems, in part, to depend on the structure of the market created...

Over the past several decades, market-based approaches to natural resource management have received increased attention as a means to cost-effectively achieve environmental quality goals. Following on what has been hailed a success for reducing air pollution, water quality trading (WQT) has more...

Erosion of agricultural croplands is a significant contributor of sedimentation to reservoirs. Here, physiographic and economic models for a large agricultural watershed (2377 square miles with 27 subwatersheds) are integrated for the reduction of sedimentation of one Midwestern reservoir....

Emphasis on finding the most cost-effective ways to reduce reservoir sedimentation is increasing. Biophysical and economic models for a large agricultural watershed are integrated to estimate the average and marginal costs of reducing sedimentation with an optimal combination of land management...