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Does Cost‐Share Replicate Water Quality Trading Projects? Implications for a Possible Partnership
Author(s) -
Breetz Hanna L.,
FisherVanden Karen
Publication year - 2007
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1111/j.1467-9353.2007.00338.x
Subject(s) - replicate , general partnership , business , quality (philosophy) , finance , philosophy , statistics , mathematics , epistemology
Water Quality Trading (WQT) and federal conservation programs such as the Environmental Quality Incentives Program (EQIP) employ incentive payments to encourage agricultural best management practices (BMPs). In many cases, WQT and EQIP are encouraging the same types of farmers to implement the same types of BMPs using similar incentive payments. A number of analysts have recommended that WQT partner with EQIP to recruit farmers, yet the literature lacks an analysis of whether EQIP could adequately substitute for WQT's project selection process. In this article, we systematically compare the project ranking procedures used by WQT and EQIP and suggest which partnership structures might be most appropriate.