The Social Value of Water Recreational Facilities Resulting From an Improvement in Water Quality in an Estuary

Paul Davidson

Chapter 33 in Inflation, Open Economies and Resources, 1991, pp 473-509 from Palgrave Macmillan

Abstract: Abstract In many rural areas, outdoor recreational facilities may still be, both conceptually and in practice, free goods. In large, growing, urban regions, however, water recreational facilities are economic goods (at least conceptually even if in practice there is no market price), that are becoming increasingly scarce relative to demand. The rapidly growing urban population in the United States has put increasing pressure on the demand for water recreational facilities, while the growth of industry has reduced the supply either by diverting the water to industrial uses or by lowering the quality of the water to a level that does not permit recreational activities.

Keywords: Recreational Activity; Market Failure; Delaware Estuary; Marginal Cost Curve; Outdoor Water (search for similar items in EconPapers)
Date: 1991
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DOI: 10.1007/978-1-349-11516-7_33

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