External Costs of Coastal Beach Pollution An Hedonic Approach

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.

Preface; List of Tables; List of Figures; 1. Perspectives on the Problem 2. Introduction to the Case Study: Pollution Externalities Affecting Recreational Beaches on Cape Cod and Martha’s Vineyard 3. The Hedonic Pricing Model4. The Oil Spill Risk Analysis Model 5. Dealing with Risk and Uncertainty 6. The Econometric Analysis of the Hedonic Model 7. Combining the Results of the Hedonic Model and the Risk Analysis Model 8. Conclusions and Recommendations; Appendix A, Appendix B, Appendix C, Appendix D, Appendix E; Index

Elizabeth A. Wilman