Advanced Search
MyIDEAS: Login

Lake Rehabilitation and the Value of Shoreline Real Estate: Evidence from Delavan, Wisconsin

Contents:

Author Info

  • Kashian, Russ

    (U WI, Whitewater)

  • Eiswerth, Mark E.

    (U WI, Whitewater)

  • Skidmore, Mark

    (U WI, Whitewater)

Abstract

In this article we use the hedonic price model to estimate the effect of a change in water quality on the value of real estate in the lake community of Delavan, Wisconsin. Hedonic techniques show that a $7 million rehabilitation program significantly increased Delavan Lake shoreline property values. Existing research demonstrates that the use of objective water quality measures (as opposed to subjective measures) is important for estimating the implicit value of water quality in hedonic analyses. This article provides new evidence on the economic benefits of clean water by measuring the change in property values attributed to an observable rehabilitation event.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://journal.srsa.org/ojs/index.php/RRS/article/view/123/73
Download Restriction: no

Bibliographic Info

Article provided by Southern Regional Science Association in its journal Review of Regional Studies.

Volume (Year): 36 (2006)
Issue (Month): 2 ()
Pages: 221-38

as in new window
Handle: RePEc:rre:publsh:v:36:y:2006:i:2:p:221-38

Contact details of provider:
Web page: http://www.srsa.org

Related research

Keywords: Hedonic; Real Estate; Water;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Hodge, Timothy R., 2011. "The Effect of Ethanol Plants on Residential Property Values: Evidence from Michigan," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 41(2).

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:rre:publsh:v:36:y:2006:i:2:p:221-38. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark L. Burkey).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.