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- Title
Estimation of Demand Curve for Clean Air for Industrial Workers with Contingent Valuation Method.
- Authors
Kumar, Ashok
- Abstract
The paper estimates the demand curve for clean air by constructing a consumer utility function in the Hicksian framework by using the contingent valuation method. Through this empirical verification, the author establishes that if a hypothetical market is constructed carefully, the individual preferences can be inferred to obtain significant results for valuating the environmental changes.
- Subjects
CONTINGENT valuation; ENVIRONMENTAL monitoring; INDUSTRIAL workers; DEMAND function; UTILITY functions; ENVIRONMENTAL economics
- Publication
ICFAI Journal of Environmental Economics, 2008, Vol 6, Issue 3, p7
- ISSN
0972-9313
- Publication type
Article