Incentive Compatibility and the Consequences when it is Missing: Experiments with Water Quality Credits Purchase

Pengfei Liu and Stephen K. Swallow

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  • Published online October 8, 2021.

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  1. Pengfei Liu, Assistant Professor
  1. Department of Environmental and Natural Resource Economics, University of Rhode Island, 1 Greenhouse Road, Kingston, RI 02881
  1. E-mail: pengfei_liu{at}
  1. Stephen K. Swallow, Professor
  1. Center for Environmental Sciences and Engineering, Department of Agricultural and Resource Economics, University of Connecticut, 1376 Storrs Road, Unit 4021, Storrs, CT, 06269 E-mail: stephen.swallow{at}