Incentive Policies to Promote the Use of Enhanced Stormwater BMPs in New Residential Developments

Abstract

A voluntary stormwater management program that is incentive compatible between residential developers and regulators produces an outcome that simultaneously protects/enhances water quality and increases developer profits. Developers pay a participation fee and the collected fees are used to retrofit ineffective stormwater management systems in older neighborhoods to improve water quality.Stormwater Best Management Practices, Economic Incentives, Urban Water Quality, Environmental Economics and Policy, Q25,