MEASURING A SOCIAL COST OF ENVIRONMENTAL POLLUTANTS THROUGH THE USE OF AN INFORMATION VARIABLE

Abstract

Avoidance costs of pollutants are estimated by introducing an information variable into the recreationist's demand model, hypothesizing a discontinuance or decrease in their activity as information concerning contamination is received. The decrease in recreationists consumer's surplus estimates a social cost of environmental pollutants. Mercury and Oregon's pheasant hunters are examined

    Similar works