Nitrogen Farming in the Mississippi Watershed: A Policy Comparison

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Brian Scott Richard M. Peck


The aim of this study is to evaluate three market models in their ability tosupport nitrogen removal through a managed wetland market. The unrestricted modelallows emitters to buy permits from any wetland, has the lowest abatement cost, andhighest environmental damage as defined in this paper. The “backyard” model, requiringemitters to exhaust permit supply in their local wetland area before purchasing permitselsewhere, was more costly and only marginally less environmentally damaging. Thepenalties model required emitters to obtain extra permits if non-local permits werepurchased, and was most costly and least environmentally damaging. (Q15, Q21, Q25,Q52)

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