After the success of the Acid Rain Program, pollution trading became a more acceptable policy in dealing with pollution problems. Trading of pollution credits and allowances helps to achieve environmental goals faster and more co- effectively. Although for the past 20 years water pollution trading had been in effect for as long as air pollution trading, many water quality trading programs as compared to air pollution trading programs lack success in the implementation of trading. The motivation factor for my work came from an interest in learning and understanding what the differences were...