Proposed Smart Market Design for Sediment Discharge

摘要: AbstractSediment discharge from erosion, urban runoff, and construction can cause environmental degradation. Governments try to regulate sediment, but the regulatory approach is costly land owners. In principle, a market-based system could reduce costs, associated transaction costs are far too high, because market participants must find trading partners, negotiate, seek government approval. This paper proposes smart design with an clearing model for sediment discharge. Market offer bid tradable allowances central auctioneer. The correspond kilograms of per year, as estimated by erosion model. auctioneer then uses linear program price allocate in given catchment. Participants do not trade bilaterally, rather through pool, reducing costs. relevant hydrological data, quantifies effects explicitly...