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Measuring the Worth of Natural Resource Facilities: Comment.

Authors :
Hanemann, W. Michae
Source :
Land Economics; Nov80, Vol. 56 Issue 4, p482, 5p
Publication Year :
1980

Abstract

The article describes a measure of consumer's surplus model. It further explains the concepts of compensating and equivalent variation to the problem of assessing the worth of natural resource facilities. It destroys facilities such as parks or beaches, one wants to calculate the triangular area under a demand curve.

Details

Language :
English
ISSN :
00237639
Volume :
56
Issue :
4
Database :
Complementary Index
Journal :
Land Economics
Publication Type :
Academic Journal
Accession number :
5363063
Full Text :
https://doi.org/10.2307/3146226