This article surveys selected contributions of economics to the literature on water pollution
and the regulation of water quality. While not a comprehensive review, the article highlights …

Water provides benefits as a commodity for agriculture, industry, and households, and as a
public good such as fisheries habitat, water quality and recreational use. To aid in cost …

We examine policy instruments for ambient water quality protection. One objective is to
illustrate the unique and complex informational challenges that must be addressed in …

This paper argues for efficient environmental regulations that equate the marginal damage
of pollution to marginal abatement costs across space. The paper estimates the source …

A clear grasp of economics is essential to understanding why environmental problems arise
and how we can address them. So it is with good reason that Markets and the Environment …

This paper seeks to assess the current status of water quality trading and to identify possible
problems and solutions. Water pollution permit trading programs have rarely been …

Groundwater pumping can reduce the flow of surface water in nearby streams. In the United
States, recent awareness of this externality has led to intra-and inter-state conflict and …

Nutrient pollution is one of the most important problems facing aquatic systems globally. The
problem qualifies as a wicked one, involving multiple pollutants from multiple sources …

For much of the air pollution currently regulated under US emissions trading programs,
health and environmental damages vary significantly with the location of the source. Existing …

Objectives of tradable permit programs are often broader than internalizing an externality
and improving economic efficiency. Many programs are designed to accommodate …