A Method of Estimating Social Benefits from Pollution Control
In an article in Water Resources Research 1966 , Joe B. Stevens tried to estimate direct recreational benefits from water pollution control by using market demand curves for a sport fishery. The quality of the fishery was represented by the angling success per unit of effort. Water pollution would cause a deterioration in the quality, i.e. would decrease angling success. By estimating a demand function for the sport fishery, both as a function of the price of using the fishery and as a function of the quality variable, Stevens thought he could calculate the recreational benefits or the willingness to pay for maintaining constant quality, from various areas under the demand curves.
KeywordsUtility Function Public Good Demand Function Consumer Surplus Demand Curve
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