||Public Investment Criteria for Water Oriented Recreation in the Lake Erie Basin.
Tybou, Richard A. ;
||Ohio State Univ., Columbus. Water Resources Center.
||346X; DI-14-01-0001-1403; OWRR A-009-OHIO; 14774,; A-009-OHIO(1)
( Water pollution ;
Economic analysis) ;
( Recreational facilities ;
Lake Erie) ;
Error analysis ;
Regression analysis ;
Economic models ;
Resource allocation ;
||Most EPA libraries have a fiche copy filed under the call number shown. Check with individual libraries about paper copy.
The research results of an attempt to correct several basic flaws in the economic theory relevant to pricing pollution and other negative externalities are presented. The validity of the theorem concerning the ownership of a polluting factor and its effect on the allocation of resources is criticized. Comprehensive measurement of the demand for water-based recreation is discussed. Three important effects which must be reflected in shift parameters were noted, and a theoretical model for shift analysis within an econometric framework was developed.