ECONOMIC ANALYSIS OF ENVIRONMENTAL REGULATIONS: APPLICATION OF THE RANDOM UTILITY MODEL TO RECREATIONAL BENEFIT ASSESSMENT FOR THE MP&M EFFLUENT GUIDELINE
Lynne G. Tudor,
Michael Fisher and
No 271487, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
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 .
Keywords: Agricultural and Food Policy; Environmental Economics and Policy (search for similar items in EconPapers)
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