K. William Easter and Naomi Zeitouni are both based in the Department of Applied Economics at the University of Minnesota, USA.

• Contents: Series preface; Introduction. Part I Managing Alternative Sources of Water Pollution: Industrial Water Pollution: Environmental regulation, investment timing and technology choice, Wayne B. Gray and Ronald J Shadbegian; Industrial pollution in economic development: the environmental Kuznets curve revisited, Hemamala Hettige, Muthukumara Mani and David Wheeler ; The cost of water pollution regulation in the pulp and paper industry, John D. McClelland and John K. Horowitz. Agricultural Water Pollution: Dynamics of agricultural groundwater extraction, Petra Helleger, David Zilberman and Ekko van Ierland; Optimal self-protection from nitrate-contaminated groundwater, Richard C. Ready and Kimberly Henken;Economic risk and water quality protection in agriculture, Darrell J. Bosch and James W Pease; Endogenous transport coefficients, Anastasia M. Lintner and Alfons Weersink. Part II Alternative Instruments for Controlling Water Pollution: Regulation, Standards, Taxes, Subsidies and Liability for Water Quality: Agricultural runoff as a nonpoint externality: a theoretical development, Ronald C. Griffin and Daniel W Bromley; Agricultural pollution control under Spanish and European environmental policies, Yolanda Martinez and Jose Albiac; Land retirement as a tool for reducing agricultural nonpoint source pollution, Marc O. Ribaudo, C. Tim Osborn and Kazim Konyor; Modeling regional irrigation decisions and drainage pollution control, Ariel Dinar, Stephen A. Hatchett and Edna J. Loehman; Liability for groundwater contamination from pesticides, Kathleen Segerson. Water Pollution Permits and Nutrient Trading to Improve Water Quality: The structure and practice of water quality trading markets, Richard T. Woodward, Ronald A. Kaiser and Aaron-Marie B. Wicks; Transferable discharge permits and economic efficiency: the Fox river, William O'Neal, Martin David, Christina Moore and Erhard Joeres; Point-nonpoint nutrient trading in the Susquehanna river basin, Richard D. Horan, James S. Shortle and David G. Abler; Point/nonpoint reduction trading: an interpretive survey, David Letson; Point/nonpoint source trading of pollution abatement: choosing the right trading ratio, Arun S. Malik, David Letson and Stephen R. Crutchfield; A trading-ration system for trading water pollution discharge permits, Ming-Feng Hung and Diagee Shaw. Part III Returns from Clean Water: Provision of Clean water: The economics of safe drinking water, Robert Innes and Dennis Cory; Economic objectives within a bureaucratic decision process: setting pollution control requirements under the Clean Water Act, Arthur G. Fraas and Vincent G. Munley. Willingness to Pay to Prevent Water Pollution: Joint production and averting expenditure measures of willingness to pay: do water expenditures really measure avoidance costs?, Nii Adote Abrahams, Bryan J. Hubbell and Jeffrey L. Jordan; The economic benefits of surface water quality improvements in developing countries: a case study of Davao, Philippines, KyeongAe Choe, Dale Whittington and Donald T. Lauria; Contingent valuation in Korean environmental planning: a pilot application to the protection of drinking water in Seoul, Seung-Jun Kwak and Clifford S. Russell; Option prices of groundwater protection, Steven F. Edwards. Cost of Preventing Water Pollution: The on-farm costs of reducing groundwater pollution, Scott L. Johnson, Richard M. Adams and Gregory M. Perry ; Implications of alternative policies on nitrate contamination of groundwater, Manzoor E. Chowdhury and Ronald D. Lacewell; Optimal spatial management of agricultural pollution, John Braden, Gary V. Johnson, Aziz Bouzaher and David Miltz. Part IV Transboundary Water Pollution Control: Trade's dynamic solutions to transboundary pollution, Linda Fernandez; Transboundary water management: game-theoretic lessons for projects on the US-Mexico border, George B. Frisvold and Margriet F. Caswell; Does trade promote environmental coordination?, Hilary Sigman. Part V Trends and Emerging Issues in Controlling Water Pollution: Informal regulation of industrial pollution in developing countries: evidence from Indonesia, Sheoli Pargal and David Wheeler; Transaction costs of policies to reduce agricultural phosphorous pollution in the Minnesota river, Laura McCann and K. William Easter; Designing environmental regulations with empirical microparameter distribution: the case of seawater intrusion, Gareth P. Green and David L. Sunding; Groundwater management when water quality is endogenous, Catarina Roseta-Palma; Index.