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A Value Transfer Approach for the Economic Estimation of Industrial Pollution: Policy Recommendations

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  • Phoebe Koundouri
  • Nikos Papandreou
  • Mavra Stithou
  • Osiel Davila

    () (AUEB-RC)

Abstract

In order to make possible an economic estimation of industrial pollution, which is one of the main polluters in the Asopos River Basin (RB), another method that of Benefit Transfer (BT) was applied and is presented in this chapter. The fact that gathering primary site-specific data is costly and time-consuming has made BT a more and more popular alternative for the valuation of ecosystem goods and services and it offers a considerable potential in the light of the EU Water Framework Directive (WFD) implementation. In a broad sense, BT method uses existing economic value estimates from one location to another similar site in another location. In this context, the objective of this chapter is to present an empirical application of the methodology of transfer value. A number of valuation studies in the European territory that have explored the impact of industry on water degradation are reviewed in order for a suitable �match� to be made between the Asopos RB and a suitable existing valuation study from which to source economic value information and hence perform the valuation exercise. The chapter closes with conclusions and recommendations for policy design.

Suggested Citation

  • Phoebe Koundouri & Nikos Papandreou & Mavra Stithou & Osiel Davila, 2013. "A Value Transfer Approach for the Economic Estimation of Industrial Pollution: Policy Recommendations," DEOS Working Papers 1315, Athens University of Economics and Business.
  • Handle: RePEc:aue:wpaper:1315
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    File URL: http://wpa.deos.aueb.gr/docs/Chapter7.pdf
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    References listed on IDEAS

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    1. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2010. "Assessing the economic viability of alternative water resources in water-scarce regions: Combining economic valuation, cost-benefit analysis and discounting," Ecological Economics, Elsevier, vol. 69(4), pages 839-847, February.
    2. Nick Hanley & Sergio Colombo & Dugald Tinch & Andrew Black & Ashar Aftab, 2006. "Estimating the benefits of water quality improvements under the Water Framework Directive: are benefits transferable?," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 33(3), pages 391-413, September.
    3. Carlsson, Fredrik & Frykblom, Peter & Liljenstolpe, Carolina, 2003. "Valuing wetland attributes: an application of choice experiments," Ecological Economics, Elsevier, vol. 47(1), pages 95-103, November.
    4. John Bergstrom & Kevin Boyle & Mitsuyasu Yabe, 2004. "Trading Taxes vs. Paying Taxes to Value and Finance Public Environmental Goods," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 28(4), pages 533-549, August.
    5. Ekin Birol & Phoebe Koundouri & Yiannis Kountouris, 2008. "Integrating Wetland Management into Sustainable Water Resources Allocation: The Case of Akrotiri Wetland in Cyprus," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 51(1), pages 37-53.
    6. Robert J. Johnston & Randall S. Rosenberger, 2010. "Methods, Trends And Controversies In Contemporary Benefit Transfer," Journal of Economic Surveys, Wiley Blackwell, vol. 24(3), pages 479-510, July.
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    Cited by:

    1. Phoebe Koundouri & Vassilis Skianis, 2015. "Socio-Economics and Water Management: Revisiting the Contribution of Economics in the Implementation of the Water Framework Directive in Greece and Cyprus," DEOS Working Papers 1506, Athens University of Economics and Business.

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