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Valuing the Incremental Benefits of Groundwater Protection when Exposure Levels are Known

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  • Gregory Poe
  • Richard Bishop

Abstract

Both economic theory and psychological research indicate that benefit functions for reductions in health risk exposures may be conditional on current exposures. Using nitrates found in household wells, it is demonstrated that perceptions of health risks across exposure levels are affected by the individual's current exposure level, thus providing support for a conditional benefits function approach. Functions of conditional incremental benefits are estimated from a contingent valuation study of households that had been informed of their water test results. Incremental benefits reach a peak at an intermediate level of nitrates and then decline. Possible explanations for this non-convexity are provided. Copyright Kluwer Academic Publishers 1999

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Bibliographic Info

Article provided by European Association of Environmental and Resource Economists in its journal Environmental and Resource Economics.

Volume (Year): 13 (1999)
Issue (Month): 3 (April)
Pages: 341-367

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Handle: RePEc:kap:enreec:v:13:y:1999:i:3:p:341-367

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Web page: http://www.springerlink.com/link.asp?id=100263

Related research

Keywords: contingent valuation; damage and benefit functions; groundwater quality; risk perceptions; JEL classification: Q21; Q25; D62;

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References

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  1. Edwards, Steven F., 1988. "Option prices for groundwater protection," Journal of Environmental Economics and Management, Elsevier, vol. 15(4), pages 475-487, December.
  2. Diamond, Peter, 1996. "Testing the Internal Consistency of Contingent Valuation Surveys," Journal of Environmental Economics and Management, Elsevier, vol. 30(3), pages 337-347, May.
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  9. Repetto, Robert, 1987. "The policy implications of non-convex environmental damages: A smog control case study," Journal of Environmental Economics and Management, Elsevier, vol. 14(1), pages 13-29, March.
  10. W. Kip Viscusi & Wesley A. Magat & Joel Huber, 1987. "An Investigation of the Rationality of Consumer Valuations of Multiple Health Risks," RAND Journal of Economics, The RAND Corporation, vol. 18(4), pages 465-479, Winter.
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  12. Carson, Richard T. & Hanemann, W. Michael, 2006. "Contingent Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 17, pages 821-936 Elsevier.
  13. Trudy Ann Cameron, 1991. "Interval Estimates of Non-Market Resource Values from Referendum Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 67(4), pages 413-421.
  14. Thomas D. Crocker & Bruce A. Forster & Jason F. Shogren, 1991. "Valuing Potential Groundwater Protection Benefits," Center for Agricultural and Rural Development (CARD) Publications 91-wp71, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  15. V. Kerry Smith & William H. Desvousges & F. Reed Johnson & Ann Fisher, 1990. "Can public information programs affect risk perceptions?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 9(1), pages 41-59.
  16. Viscusi, W Kip, 1989. " Prospective Reference Theory: Toward an Explanation of the Paradoxes," Journal of Risk and Uncertainty, Springer, vol. 2(3), pages 235-63, September.
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Citations

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Cited by:
  1. Nick Hanley & Felix Schlapfer, . "What determines the demand for programmes providing local environmental public goods," Working Papers 2001_7, Business School - Economics, University of Glasgow.
  2. Cai, Yongxia & Shaw, W. Douglass & Wu, Ximing, 2008. "Risk Perception and Altruistic Averting Behavior: Removing Arsenic in Drinking Water," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6149, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  3. Poe, Gregory L. & Boyle, Kevin J. & Bergstrom, John C., 2000. "A Meta Analysis Of Contingent Values For Groundwater Quality In The United States," 2000 Annual meeting, July 30-August 2, Tampa, FL 21871, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Tanellari, Eftila & Bosch, Darrell J. & Mykerezi, Elton, 2009. "On Consumers' Attitudes and Willingness to Pay for Improved Drinking Water Quality and Infrastructure," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49535, Agricultural and Applied Economics Association.
  5. repec:hal:journl:halshs-00497453 is not listed on IDEAS
  6. Li, Xiaoshu & Boyle, Kevin J. & Pullis, Genevieve, 2012. "Does On-site Experience Affect Responses to Stated Preference Questions?," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124991, Agricultural and Applied Economics Association.
  7. Onjala, Joseph & Ndiritu, Simon Wagura & Stage, Jesper, 2013. "Risk Perception, Choice of Drinking Water, and Water Treatment: Evidence from Kenyan Towns," Discussion Papers dp-13-10-efd, Resources For the Future.
  8. Erickson, Jon D. & Schlapfer, Felix, 2001. "A Biotic Control Perspective On Nitrate Contamination Of Groundwater From Agricultural Production," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 30(2), October.
  9. Schlapfer, Felix, 2006. "Survey protocol and income effects in the contingent valuation of public goods: A meta-analysis," Ecological Economics, Elsevier, vol. 57(3), pages 415-429, May.
  10. Olivier Beaumais & Anne Briand & Katrin Millock & Céline Nauges, 2014. "What are Households Willing to Pay for Better Tap Water Quality? A Cross-Country Valuation Study," Working Papers 2014.24, Fondazione Eni Enrico Mattei.
  11. Hasler, Berit & Lundhede, Thomas, 2005. "Are Agricultural Measures for Groundwater Protection Beneficial When Compared to Purification of Polluted Groundwater?," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24587, European Association of Agricultural Economists.
  12. Isabell Goldberg & Jutta Roosen, 2007. "Scope insensitivity in health risk reduction studies: A comparison of choice experiments and the contingent valuation method for valuing safer food," Journal of Risk and Uncertainty, Springer, vol. 34(2), pages 123-144, April.

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