In:
Agricultural and Resource Economics Review, Cambridge University Press (CUP), Vol. 42, No. 1 ( 2013-04), p. 196-224
Abstract:
The cost-effectiveness of total maximum daily load (TMDL) programs depends heavily on program design. We develop an optimization framework to evaluate design choices for the TMDL for the Potomac River, a Chesapeake Bay sub-basin. Scenario results suggest that policies inhibiting nutrient trading or offsets between point and nonpoint sources increase compliance costs markedly and reduce ecosystem service co-benefits relative to a least-cost solution. Key decision tradeoffs highlighted by the analysis include whether agricultural production should be exchanged for low-cost pollution abatement and other environmental benefits and whether lower compliance costs and higher co-benefits provide adequate compensation for lower certainty of water-quality outcomes.
Type of Medium:
Online Resource
ISSN:
1068-2805
,
2372-2614
DOI:
10.1017/S1068280500007693
Language:
English
Publisher:
Cambridge University Press (CUP)
Publication Date:
2013
detail.hit.zdb_id:
2124969-6
detail.hit.zdb_id:
1199925-1
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