Author: Smearman S.C. D'souza G.E. Norton V.J.
Publisher: Springer Publishing Company
ISSN: 0924-6460
Source: Environmental and Resource Economics, Vol.10, Iss.2, 1997-09, pp. : 167-175
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
Temperate hill-lands of the U.S.A. such as those in West Virginia are areas from which increasing output of farm-raised fish may be possible. However, the downstream economic impacts of current and projected future effluent as a result of aquaculture production have not been extensively studied. Using an externality framework and a combination of primary and secondary data, this study determines pollution prevention costs (PPC), and downstream pollution damage costs resulting from fish farm wastewater effluent measured as willingness to pay (WTP) for restoring water quality. PPC is estimated at $0.11 per kg of trout produced (which would add 6% to private production cost), and WTP is estimated at $0.49 per kg of trout produced (representing 25% of private production cost) at current production and price levels. This study shows that installation of filtration units is a low-cost (less than 6% of total cost) and an effective technology for controlling pollution at the source. Internalizing external costs (adding this 6%to private production costs) is one strategy that could contribute to sustainable growth of the aquaculture industry.
Related content
West Virginia University Collection of Historical Manuscripts
Business History Review, Vol. 8, Iss. 2, 1934-03 ,pp. :
The (mis-)specification of production costs in production smoothing models
Economics Letters, Vol. 57, Iss. 1, 1997-11 ,pp. :
The external costs of voting rules: a note on Guttman, Buchanan, and Tullock
By Arrow K.J.
European Journal of Political Economy, Vol. 14, Iss. 2, 1998-05 ,pp. :