Measuring the Benefits of Water Pollution Abatement

1st Edition - September 28, 1980
Author: Daniel Feenberg
Language: English
eBook ISBN:
9 7 8 - 0 - 3 2 3 - 1 6 0 4 1 - 4

Measuring the Benefits of Water Pollution Abatement shows the aspects of benefit calculations in the context of water pollution control. The main purpose of this book is to show… Read more

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Measuring the Benefits of Water Pollution Abatement shows the aspects of benefit calculations in the context of water pollution control. The main purpose of this book is to show what kinds of data are needed or valuable in adequate benefit estimates, how to use the data, and how to improvise in their absence. Topics covered include the basic theory of welfare economics and cost-benefit analysis; practical techniques on how to estimate benefits of water pollution abatement; and empirical studies that illustrate the estimation techniques with real data. Environmentalists, economists, project managers, and project engineers will find the text interesting and informative.

Preface

1 Introduction

1. Scope and Background

2. Discharges and Ambient Environmental Quality

3. The Dimensions of Ambient Water Quality

4. Effects of Ambient Water Quality on Human Welfare

2 Welfare Economics and the Basis of Benefit Measurement

1. The Nature of Welfare Economics

2. Basic Welfare Analysis

3. Market Failure and Government Intervention to Ensure Market Efficiency

4. Benefit Measures for Public Goods

3 Economic Theory of Benefit Measurement

1. Introduction

2. Marginal Conditions for Public Good Provision

3. Basic Benefit Concepts

4. Consumer Surplus as an Approximation

5. Some Special Problems

6. Conclusions

Appendix: Option Value

4 Measurement of Instream Water Quality Benefits

1. Introduction

2. A Survey of Empirical Techniques of Instream Water Quality Benefit Estimates

3. Weak Complementarity and the Travel Cost Approach to Benefit Estimation

4. Hedonic Prices and Land Values

5 Estimating Public Goods Demands and Demand Interdependency

1. Introduction

2. Definition of the Demand for Public Goods

3. Weak Complementarity

4. Derivation of the Theorem

5. Example

6. Use of Market Data

7. Weak Substitutability

8. The Hedonic Price Equation

9. The Theorem with Compensated Demand Functions

10. Multiple Private Goods

11. Conclusions

6 Measurement of Withdrawal Benefits

1. Introduction

2. Withdrawal Benefits and Cost Functions

3. Withdrawal Benefits and Input Demand Equations

4. Empirical Studies of Withdrawal Benefits

Appendix: Firms' Demand for a Public Good

7 Empirical Studies of Instream Benefits

1. Introduction

2. Statistical Specification in Travel Cost Studies

3. A Logit Model and Its Estimation

4. A Property Value Study

5. An Aggregate Tobit Model

Appendix 1

Appendix 2

8 An Empirical Study of Withdrawal Benefits

1. Introduction

2. Comments on Recent Health Effects Studies

3. A New Study Using EPA Data

4. Comments on Studies of Industrial Benefits of Pollution Abatement

9 Estimates of National Benefits of Water Pollution Abatement

1. Introduction

2. A Critical Evaluation of Techniques of Benefit Estimation

3. Revised DRPA Estimates of National Recreational Benefits

4. Swimming Benefit Estimates Based on the Boston Data

5. Concluding Remarks on National Benefits

10 Conclusions

1. Introduction

2. Basic Welfare and Benefit-Cost Theory

3. Measurement of Benefits from Water Pollution Abatement

4. Empirical Studies of Benefits from Water Pollution Control

References

Index