ESTIMATING SHADOW PRICES OF WASTEWATER POLLUTANTS IN SLOVAKIA

• Authors: Antalová Veronika , Slučiaková Stella , Haluš Martin
• Languages of publication: EN

Abstracts

EN

The study aims to estimate shadow prices of environmental pollutants in wastewater which can under the assumption of optimal pollution levels be interpreted as environmental benefits gained from the treatment process. A directional output distance function model uses a sample of 57 medium-sized Slovak wastewater treatment plants to estimate the shadow prices for nitrogen, phosphorus, suspended solids and chemical oxygen demand. Total estimated value represents the costs avoided through undischarged pollution. Obtained shadow prices can be used in the future cost-benefits analyses of wastewater treatment investment projects.

Keywords

EN

ECONOMIC VALUATION; ENVIRONMENTAL BENEFITS; SHADOW PRICES; UNDESIRABLE OUTPUTS; WASTEWATER TREATMENT; SLOVAKIA

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2020
• Volume: 68
• Issue: 2
• Pages: 134 – 146

Contributors

author

Antalová Veronika

• Institute for Environmental Policy, Ministry of Environment of the Slovak Republic, Nám. Ľ. Štúra 1, 812 35 Bratislava, Slovak Republic

author

Slučiaková Stella

author

Haluš Martin