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.
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