The contribution of nonmarket valuation studies to decisions about the operation of nonfederal hydroelectric facilities is examined. Hydropower licensing reforms by the Federal Energy Regulatory Commission to better weigh market and nonmarket tradeoffs did not require or use nonmarket valuation....

Numerous reforms to introduce financial incentives and flexibility into the Clean Water Act have been proposed. Cooperative organizational forms that consolidate multiple regulated entities under a single organizational umbrella are an overlooked, but potentially useful avenue for reform. In...

Federal and state regulatory agencies frequently support and encourage the use of market-based effluent trading to achieve social water quality goals. This paper evaluates the design of the recently approved Virginia Nutrient Trading Program. The cost implications of setting a near limit of...

Economists and economic analysis can play different roles in the development of water quality management programs. Economists may develop cost analysis for improving regulatory program implementation or design institutional arrangements for market-like program. We argue that cost analysis may be...

As the environmental policy recommendations of economists become more acceptable, differences in the professional understanding of, and support for, different policy forms are becoming more apparent. These different approaches to environmental policy and research are described around a taxonomy...