Table of Contents:
Travel Cost Method (TCM)
Demand Curve Derived from TCM Study Data
Hedonic Regression Method (HRM)
Demand Curve Derived from HRM Study Data
Examples of HRM Studies
Measuring Costs: Engineering Costs
Direct Compliance Cost Estimates, U.S.
Other Estimates: Pollution Abatement and Control Costs, U.S.
Annual Estimates of Pollution Control Costs
More on Pollution Control Costs
Indirect Costs: Increased Fixed Costs Lead to More Concentrated Market Structures
Example: Increased Fixed Costs Lead to Mmore Concentrated Market
More on the Example Above
Other Possible Indirect Costs
Refutation of Some of the Above-Listed Indirect Costs