Benefits of Improved Water Quality
A Discrete Choice Analysis of Freshwater Recreational Demands
Bibliographic Data
| ID | 5154335 |
|---|---|
| Authors | Richard Tay (0000-0002-6297-0593, Nanyang Technological University), R S Tay (Nanyang Technological University), P S Mccarthy (Krannert School of Management, Purdue University, West Lafayette, IN 47907, USA), Patrick Mccarthy (0000-0001-8561-0825, Purdue University West Lafayette) |
| Year | 1994 |
| Volume | 26 |
| Issue | 10 |
| Pages | 1625-1638 |
| Publication date | 1994-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a261625 |
| OpenAlex | W2072921255 |
| Language | EN |
| Citations received | 1 |
| References cited | 10 |
Discrete choice methodologies are increasingly being used to estimate multiple-sites recreational demands and evaluate the welfare effects of alternative environmental policies aimed at water quality improvements. In this study the authors use 1985 data on Indiana anglers to estimate a multinomial logit model of destination choice and compute the benefits of alternative water quality improvements. In general, the results indicate that anglers are reasonably sensitive to changes in water quality. The per-trip welfare gains from a 1% reduction in various pollutants range from 4.9 to 25.3 cents and a similar reduction in all pollutants increases per-trip welfare by 64.5 cents
Business · Choice modelling · Discrete choice · Econometrics · Economics · Environmental economics · Multinomial logistic regression · Natural resource economics · Recreation · Statistics · Water quality · Welfare · Economic and Environmental Valuation · Engineering · Environmental Science · Mathematics · Transportation Planning and Optimization · Urban Transport and Accessibility · Ecology · Marketing
| Unique citing works | 1 |
|---|---|
| Citations per year | 0.05 |
| Citation span | 2005 - 2005 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |