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

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.

Suggested Citation

  • Tudor, Lynne G. & Besedin, Elena Y. & Fisher, Michael & Smith, Stuart, 1999. "Economic Analysis Of Environmental Regulations: Application Of The Random Utility Model To Recreational Benefit Assessment For The Mp&M Effluent Guideline," 1999 Annual meeting, August 8-11, Nashville, TN 21630, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21630
    DOI: 10.22004/ag.econ.21630
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    References listed on IDEAS

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    6. 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), pages 1-10, April.
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