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Economic Analysis Of Environmental Regulations: Application Of The Random Utility Model To Recreational Benefit Assessment For The Mp&M Effluent Guideline

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  • Tudor, Lynne G.
  • Besedin, Elena Y.
  • Fisher, Michael
  • Smith, Stuart
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    Abstract

    The present study focuses on a state-wide case study to evaluate recreational benefits from forthcoming effluent limitation guidelines for the Metal Products and Machinery Industry. The study combines water quality modeling and a random utility model to assess how changes in water quality from the regulation will affect consumer valuation of water resources. Based on preliminary results, the MP&M regulation has the potential to generate substantial recreational benefits in Ohio.

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    File URL: http://purl.umn.edu/21630
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    Bibliographic Info

    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1999 Annual meeting, August 8-11, Nashville, TN with number 21630.

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    Date of creation: 1999
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    Handle: RePEc:ags:aaea99:21630

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    Related research

    Keywords: water quality; recreational benefits; random utility model; RUM; recreational fishing; boating; swimming; near water activities; Environmental Economics and Policy; Research Methods/ Statistical Methods;

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    1. Needelman, Michael S. & Kealy, Mary Jo, 1995. "Recreational Swimming Benefits Of New Hampshire Lake Water Quality Policies: An Application Of A Repeated Discrete Choice Model," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 24(1), April.
    2. Feather Peter & Hellerstein Daniel & Tomasi Theodore, 1995. "A Discrete-Count Model of Recreational Demand," Journal of Environmental Economics and Management, Elsevier, vol. 29(2), pages 214-227, September.
    3. Haab, Timothy C. & Hicks, Robert L., 1997. "Accounting for Choice Set Endogeneity in Random Utility Models of Recreation Demand," Journal of Environmental Economics and Management, Elsevier, vol. 34(2), pages 127-147, October.
    4. George R. Parsons & Mary Jo Kealy, 1992. "Randomly Drawn Opportunity Sets in a Random Utility Model of Lake Recreation," Land Economics, University of Wisconsin Press, vol. 68(1), pages 93-106.
    5. Mark Montgomery & Michael Needelman, 1997. "The Welfare Effects of Toxic Contamination in Freshwater Fish," Land Economics, University of Wisconsin Press, vol. 73(2), pages 211-223.
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