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Can Recreation Values For A Lake Constitute A Market For Banked Agricultural Water?

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  • ELIZABETH FADALI
  • W. DOUGLASS SHAW

Abstract

This paper presents estimates of the recreational use value to prevent the loss of a western lake threatened by diversions of upstream waters that supply it. The recreation demand model used to estimate recreation‐related values is the popular repeated nested multinomial logit model. The model is specified to allow an individual to choose when to visit various sites during the season, because site choice is likely to be influenced by water levels that change over the course of the season. The values are compared to agricultural values in order to assess whether the potential recreation demand side of a market for a water bank exists.

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  • Elizabeth Fadali & W. Douglass Shaw, 1998. "Can Recreation Values For A Lake Constitute A Market For Banked Agricultural Water?," Contemporary Economic Policy, Western Economic Association International, vol. 16(4), pages 433-441, October.
    • Handle: RePEc:bla:coecpo:v:16:y:1998:i:4:p:433-441
    DOI: 10.1111/j.1465-7287.1998.tb00531.x
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    1. Yoshiaki Kaoru & V. Kerry Smith & Jin Long Liu, 1995. "Using Random Utility Models to Estimate the Recreational Value of Estuarine Resources," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 141-151.
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    3. Shonkwiler, John Scott & Shaw, W. Douglass, 1996. "Hurdle Count-Data Models In Recreation Demand Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(2), pages 1-10, December.
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    5. Catherine L. Kling & Cynthia J. Thomson, 1996. "The Implications of Model Specification for Welfare Estimation in Nested Logit Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(1), pages 103-114.
    6. Catherine L. Kling & Joseph A. Herriges, 1995. "An Empirical Investigation of the Consistency of Nested Logit Models with Utility Maximization," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(4), pages 875-884.
    7. Needelman, Michael S. & Kealy, Mary Jo, 1995. "Recreational Swimming Benefits Of New Hampshire Lake Water Quality Policies: An Application Of A Repeated Discrete Choice Model," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 24(1), pages 1-10, April.
    8. Kaoru, Yoshiaki, 1995. "Measuring marine recreation benefits of water quality improvements by the nested random utility model," Resource and Energy Economics, Elsevier, vol. 17(2), pages 119-136, August.
    9. Needelman, Michael S. & Kealy, Mary Jo, 1995. "Recreational Swimming Benefits of New Hampshire Lake Water Quality Policies: An Application of a Repeated Discrete Choice Model," Agricultural and Resource Economics Review, Cambridge University Press, vol. 24(1), pages 78-87, April.
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    Cited by:

    1. Abbott, Joshua K. & Allen Klaiber, H., 2013. "The value of water as an urban club good: A matching approach to community-provided lakes," Journal of Environmental Economics and Management, Elsevier, vol. 65(2), pages 208-224.
    2. Abbott, Joshua K. & Klaiber, H. Allen, 2011. "The Value Of Water As An Urban Club Good: A Matching Approach To Hoa-Provided Lakes," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103781, Agricultural and Applied Economics Association.
    3. Lambert, David K. & Shaw, W. Douglass, 2000. "Agricultural And Recreational Impacts From Surface Flow Changes Due To Gold Mining Operations," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-14, December.
    4. Julien Salanié & Yves Surry & Philippe Le Goffe & . Inra & . Région Bretagne & . Agrocampus-Ouest & . Métropole de Rennes, 2004. "Measuring agricultural and congestion externalities in recreational fisheries : The case of salmon in France," Post-Print hal-02831528, HAL.
    5. Jakus, Paul M. & Dowell, Paula & Murray, Matthew N., 2000. "The Effect Of Fluctuating Water Levels On Reservoir Fishing," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-13, December.
    6. Eiswerth, Mark & Englin, Jeffrey & Fadali, Elizabeth & Shaw, W. Douglass, 1999. "The Value of Water Levels in Water-Based Recreation: A Pooled Revealed Preference Contingent Behavior Model," Western Region Archives 321707, Western Region - Western Extension Directors Association (WEDA).
    7. GP Green & JP O'Connor, 2001. "Water Banking And Restoration Of Endangered Species Habitat: An Application To The Snake River," Contemporary Economic Policy, Western Economic Association International, vol. 19(2), pages 225-237, April.

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