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Distribution methods for transferable discharge permits
Author(s) -
Eheart J. Wayland,
Joeres Erhard F.,
David Martin H.
Publication year - 1980
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr016i005p00833
Subject(s) - environmental science , point (geometry) , control (management) , watershed , computer science , operations research , mathematics , geometry , machine learning , artificial intelligence
A mathematical model has been developed to simulate the operation of a single‐price auction of transferable discharge permits. Permits may be sold at auction by the control authority or may be given, free of charge, to the dischargers according to some agreed‐upon formula and subsequently redistributed by a similar auction. The sales method and four alternative free allocation schemes are compared through the example case of phosphorus discharge from point sources in the Wisconsin‐Lake Michigan watershed.