Inland Navigation System Planning The Upper Mississippi River-Illinois Waterway (2001) / Chapter Skim
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Appendix C: Tradable Lockage Permits
Appendix C: Tradable Lockage Permits
Pages 106-112
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From page 106... ...
Thus, if contiguous lockage times were delayed by an operator's failure to clear the lock on time, the operator should be liable for delays imposed on all those holding slots behind him or her as well as for delays that the others might encounter at the upstream or downstream sequence of lockages that they were scheduled to traverse. However, although the length of time a boat spends in a lock is determined primarily by the towboat operator, it is partially under the control of Corps employees.
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From page 107... ...
Prior to establishing tradable lockage permits, policymakers must determine the desirable and feasible number of commercial navigation lockages per unit of time at specific locks or series of locks, and they must consider exceptions to the permitted lockage times for unusual conditions (e.g., severe weather)
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From page 108... ...
This section outlines those chalienges, based on experience with other tradable permit programs such as the three described in the appendix, and their implications for tradable lockage permits for navigation waterways. New Entrants The political complexity entailed in crafting a trading program often causes delays from the time tradable permits first are publicly debated to the date that trading rules are promulgated and permits are allocated.
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From page 109... ...
Public agency leadership in establishing real-time information channels for navigation users to trade permits would be essential to getting a trading program started. In addition, trading rules and reporting requirements should limit transaction costs to those necessary to account for trade-related information costs and externalities (if any)
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From page 110... ...
Politically, adoption of a tradable lockage permit program requires an expectation of net benefits for relevant constituencies. In the case of navigation on the Upper Mississippi, benefits to navigation interests primarily would be in the form of reduced congestion delays.
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From page 111... ...
Naturally, resource users strongly prefer new infrastructure development, paid for by tax dollars, to a tradable permit program. They will vigorously resist tradable permits and other nonstructural measures if federally subsidized improvements are viewed as still possible.
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From page 112... ...
2000. Tradable permit approaches to pollution control: Faustian bargain or paradise regained?
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