000049323 001__ 49323 000049323 005__ 20210819131529.0 000049323 0247_ $$2doi$$a10.22004/ag.econ.49323 000049323 037__ $$a319-2016-9644 000049323 041__ $$aeng 000049323 245__ $$aExamining the Effects of Ecological and Political Boundaries on the Potential for Water Quality Trading: Lessons from a Southeastern Trading Framework 000049323 260__ $$c2009 000049323 269__ $$a2009 000049323 270__ $$mkeiser@uga.edu$$pKeiser, David A. 000049323 270__ $$mjmullen@uga.edu$$pMullen, Jeffrey D. 000049323 270__ $$mjberg@uga.edu$$pBergstrom, John C. 000049323 270__ $$mnathans@uga.edu$$pSmith, Nathan B. 000049323 270__ $$mdradclif@uga.edu$$pRadcliffe, David E. 000049323 270__ $$mmrisse@engr.uga.edu$$pRisse, Mark L. 000049323 270__ $$mlfowler@uga.edu$$pFowler, Laurie A. 000049323 300__ $$a48 000049323 336__ $$aConference Paper/ Presentation 000049323 490__ $$aSelected Paper 000049323 490__ $$a613144 000049323 520__ $$aWater quality trading (trading) as a means to improve water quality has become an increasingly popular instrument considered by environmental policy makers. Although the U.S. Environmental Protection Agency lists more than forty current trading programs in the U.S., only a few active markets exist. The literature identifies several hurdles to trading, overcoming which requires a deeper understanding of the interaction between local environmental, legal, and economic conditions. Particular challenges include thin markets, uncertainty related to the course and fate of nutrient flows, varying degrees of political support, and high transaction costs related to market infrastructure, monitoring, and enforcement. These hindrances often arise from and contribute to the confinement of trading to tight ecological and political boundaries. This paper explores the effect of these boundaries on the potential for trading in two southeastern reservoirs and their respective watersheds. Results provide insight into the effects of the spatial expansion of markets. These findings contribute to the current dialogue that seeks to better understand barriers to trading. 000049323 546__ $$aEnglish 000049323 650__ $$aEnvironmental Economics and Policy 000049323 650__ $$aLand Economics/Use 000049323 650__ $$aPublic Economics 000049323 6531_ $$awater quality trading 000049323 6531_ $$aphosphorus trading 000049323 6531_ $$anutrient trading 000049323 6531_ $$awater pollution 000049323 6531_ $$apollution markets 000049323 700__ $$aKeiser, David A. 000049323 700__ $$aMullen, Jeffrey D. 000049323 700__ $$aBergstrom, John C. 000049323 700__ $$aSmith, Nathan B. 000049323 700__ $$aRadcliffe, David E. 000049323 700__ $$aRisse, Mark L. 000049323 700__ $$aFowler, Laurie A. 000049323 8564_ $$9e94e60c4-c0a1-4471-a0eb-463f3fc7ad1f$$s358755$$uhttps://ageconsearch.umn.edu/record/49323/files/AAEA613144.pdf 000049323 887__ $$ahttp://purl.umn.edu/49323 000049323 909CO $$ooai:ageconsearch.umn.edu:49323$$pGLOBAL_SET 000049323 912__ $$nSubmitted by David Keiser (keiser@uga.edu) on 2009-04-30T19:47:52Z No. of bitstreams: 1 AAEA613144.pdf: 358755 bytes, checksum: 943e4ac9beb473a0fe9f3e4ba495def3 (MD5) 000049323 912__ $$nMade available in DSpace on 2009-04-30T19:48:04Z (GMT). No. of bitstreams: 1 AAEA613144.pdf: 358755 bytes, checksum: 943e4ac9beb473a0fe9f3e4ba495def3 (MD5) Previous issue date: 2009 000049323 913__ $$aLicense granted by David Keiser (keiser@uga.edu) on 2009-04-30T19:34:24Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000049323 980__ $$a319 000049323 982__ $$gAgricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin