Abstract
Natural wastewater treatment methods may, in some cases, represent a potentially viable economic and environmental alternative to traditional, highly capital intensive mechanical-chemical methods. However, the market failures of imperfect information and incomplete markets coupled with a collective risk aversion on the part of decision makers may be making it more difficult for natural wastewater treatment methods to fully realize their market potential. This is unfortunate, because local communities throughout the United States are facing a significant, multi-billion-dollar funding gap between their available capital and the capital requirements of needed wastewater treatment expansion. A course of policy action is examined.
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