There is considerable interest in the use of pollution trading between point and nonpoint sources to improve the cost-effectiveness of water pollution control, but little literature to guide the design of trading systems involving nonpoint sources. We explore the design of two types of trading...

Replaced with revised version of paper 08/25/03.

Owing to the fundamental importance of food to human welfare and of climate to crop and livestock production, agriculture has been a focus of research on the impacts of climate change and variability. This research has been largely concerned with implications for the supply and cost of food and...

Agricultural agencies have long offered agri-environmental payments that are inadequate to achieve water quality goals, and many state water quality agencies are considering point-nonpoint trading to achieve the needed pollution reductions. This analysis considers both targeted and nontargeted...