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Main Title Comparison of Consumer's Surplus and Monopoly Revenue Estimates of Recreational Value for Two Utah Waterfowl Marshes.
Author Brin, C. Holden ;
CORP Author Utah Center for Water Resources Research, Logan.
Year Published 1973
Report Number DI-14-31-0001-1562; OWRR-B-015-UTAH; B-015-UTAH(1),; 13018
Stock Number PB-222 544
Additional Subjects ( Swamps ; Recreational facilties) ; ( Recreational facilties ; Demand(Economics)) ; Management ; Water resources ; Benefit cost analysis ; Income ; Birds ; Cost estimates ; Revenue ; Value ; Theses ; Farmington Bay ; Bear River ; Utah ; Farminton Bay Waterfowl Management Area ; Bear River Migratory Bird Refuge
Library Call Number Additional Info Location Last
NTIS  PB-222 544 Some EPA libraries have a fiche copy filed under the call number shown. 07/26/2022
Collation 156p
Demand curves were estimated for waterfowl hunting and nonconsumptive recreational use from use rate and variable expenditure data collected at the Bear River Migratory Bird Refuge and the Farmington Bay Waterfowl Management Area during FY 1969. Consumer's surplus and monopoly revenue estimates were then derived from the demand functions. Adjusted estimates of consumer's surplus for waterfowl hunting amounted to $7,260 per year at Bear River and $11,400 per year at Farmington Bay. For nonconsumptive recreation annual consumer's surplus was estimated to be $18,700 at Bear River and $3,760 at Farmington Bay. Monopoly revenue estimates were between one-half and one-fourth the corresponding consumer's surplus estimates. The capitalized value (at 8 % interest) of predicted annual consumer's surplus for all recreation was $865,000 for Bear River and $299,000 for Farmington Bay. Capitalization of the corresponding monopoly revenue estimates gave $276,900 for Bear River and $92,100 for Farmington Bay. Consumer's surplus estimates are more valuable than monopoly revenue estimates for comparison with other values included in the benefit/cost analysis of water development projects because the needed values include more than a nondiscriminating monopolist can extract. (Modified author abstract)