Table 6.3. Implicit or Shadow Price for BOD by Area, Two Objectives Optimized, Three 

 River-Flow Levels, Current Water Quality (BCC), Ashuelot River Basin 



Objective optimized 



Area 



Northern 

 Central 

 Southern 

 Basin 



Net benefits 



Public and private cost 



Flow level 



Flow level 



High Median Low High Median Low 



Dollars per pound BOD 



Infeasible 



Maximized net benefits = REVOWAT 

 Minimized pubUc and private cost = SOCCOST 



and BOD) had a retarding effect on level of economic activity. The incidence of 

 cost varied with river-flow level, area, and objective optimized. The frequency 

 with which certain shadow prices for BOD occurred and the magnitude of the 

 shadow prices at low-river flow suggest a common ground for coordinated basin- 

 wide water planning. 



48 



