Natural Resource Damage Assessment: Methods and Cases
Natural Resource Damage Assessment: Methods and Cases
Natural Resource Damage Assessment: Methods and Cases
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Price of groundwater<br />
P0<br />
P1<br />
Price of groundwater<br />
D<br />
P0<br />
P1<br />
A<br />
B<br />
A<br />
B<br />
Figure 3.1: Market Price Method<br />
C<br />
J<br />
K<br />
Q0<br />
Supply<br />
C<br />
K<br />
Q0<br />
D<br />
D0 is the dem<strong>and</strong> for groundwater before contamination.<br />
D1 is the dem<strong>and</strong> for groundwater after contamination.<br />
P0 is the price of groundwater before contamination.<br />
P1 is the price of groundwater after contamination.<br />
A, B, C, <strong>and</strong> K identify key points on the graphs; see text.<br />
59<br />
Supply<br />
Panel B: Upward-sloping supply<br />
D1<br />
D1<br />
D0<br />
Quantity of<br />
groundwater<br />
Panel A: Fixed supply<br />
D0<br />
Quantity of<br />
groundwater