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Nonpoint Source Pollution and Present Values: A Contingent Valuation Study of Lake Mendota

Author

Listed:
  • Basil E. Stumborg
  • Kenneth A. Baerenklau
  • Richard C. Bishop

Abstract

A split sample contingent valuation survey was conducted to estimate the aggregate willingness to pay of a group of Wisconsin residents for improving the water quality of a popular recreational lake. Extensive limnological research specific to the lake allowed for a thorough understanding of the relationship between pollutant loading and water quality response, thus making the lake an excellent candidate for a contingent valuation study. Results show that the water quality improvement will provide positive net benefits to the public and that payment time horizon has a significant effect on valuation statements.

Suggested Citation

  • Basil E. Stumborg & Kenneth A. Baerenklau & Richard C. Bishop, 2001. "Nonpoint Source Pollution and Present Values: A Contingent Valuation Study of Lake Mendota," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 23(1), pages 120-132.
    • Handle: RePEc:oup:revage:v:23:y:2001:i:1:p:120-132.
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    File URL: http://hdl.handle.net/10.1111/1058-7195.00049
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