Pushkarskaya, Helen N.; Randall, Alan - Agricultural and Applied Economics Association - AAEA - 2002
We offer a decentralized solution to the asymmetric information and hidden action problems in the nonpoint source (NPS) pollution case. Farmers in the same watershed generate homogeneous NPS pollution. The regulator, R, pays for (or represents a group of point-source, PS, polluters who pay for)...