External Costs of Coastal Beach Pollution

Download or read book External Costs of Coastal Beach Pollution written by Elizabeth A. Wilman and published by Routledge. This book was released on 2015-09-16 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this title, originally published in 1984, Wilman develops and describes a methodology for imputing a monetary value to the loss in beach recreational services that would result from a hypothetical oil spill in the Georges Bank area off Massachusetts. Combining an oil-spill risk analysis model with an hedonic pricing model to generate estimates of beach pollution costs associated with offshore oil development, Wilman makes possible for the first time a rational judgement regarding whether the benefits of developing offshore oil outweigh the costs. This book is a valuable resource for students interested in environmental studies and Wilman’s methodological approach can be used to value other nonmarket resource services in any area.