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Option Value: Empirical Evidence from a Case Study of Recreation and Water Quality

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  • Greenley, Douglas A
  • Walsh, Richard G
  • Young, Robert A
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    Bibliographic Info

    Article provided by MIT Press in its journal Quarterly Journal of Economics.

    Volume (Year): 96 (1981)
    Issue (Month): 4 (November)
    Pages: 657-73

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    Handle: RePEc:tpr:qjecon:v:96:y:1981:i:4:p:657-73

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    Web page: http://mitpress.mit.edu/journals/

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    Web: http://mitpress.mit.edu/journal-home.tcl?issn=00335533

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    Cited by:
    1. Nijkamp, P., 1987. "Culture and region : a multidimensional evaluation of monuments," Serie Research Memoranda 0071, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    2. Roger L. Beck & Donald Hussey, 1989. "Politics, Property Rights, and Cottage Development," Canadian Public Policy, University of Toronto Press, vol. 15(1), pages 25-33, March.
    3. Young, Ralph, 1991. "The Economic Significance of Environmental Resources: A Review of the Evidence," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 59(03), December.
    4. Robin Gregory & Tim Mcdaniels, 1987. "Valuing environmental losses: What promise does the right measure hold?," Policy Sciences, Springer, vol. 20(1), pages 11-26, April.
    5. Ge, Jiaqi & Kling, Catherine L. & Herriges, Joseph A., 2013. "How Much is Clean Water Worth? Valuing Water Quality Improvement Using A Meta Analysis," Staff General Research Papers 36597, Iowa State University, Department of Economics.
    6. Hannon, Bruce, 1998. "How might nature value man?," Ecological Economics, Elsevier, vol. 25(3), pages 265-279, June.
    7. Tang, Chao-Hsiun & Liu, Jin-Tan & Chang, Ching-Wen & Chang, Wen-Ying, 2007. "Willingness to pay for drug abuse treatment: Results from a contingent valuation study in Taiwan," Health Policy, Elsevier, vol. 82(2), pages 251-262, July.
    8. Mary Riddel & W. Douglass Shaw, 2003. "Option Wealth and Bequest Values: The Value of Protecting Future Generations from the Health Risks of Nuclear Waste Storage," Land Economics, University of Wisconsin Press, vol. 79(4), pages 537-548.
    9. Robert L. McDonald & Daniel Siegel, 1987. "The Value of Waiting to Invest," NBER Working Papers 1019, National Bureau of Economic Research, Inc.
    10. Ronald Cummings & Glenn Harrison, 1995. "The measurement and decomposition of nonuse values: A critical review," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 5(3), pages 225-247, April.
    11. Stithou, Mavra, 2009. "Respondent Certainty and Payment Vehicle Effect in Contingent Valuation: an Empirical Study for the Conservation of Two Endangered Species in Zakynthos Island, Greece," Stirling Economics Discussion Papers 2009-21, University of Stirling, Division of Economics.
    12. Lee, Choong-Ki & W. Mjelde, James, 2007. "Valuation of ecotourism resources using a contingent valuation method: The case of the Korean DMZ," Ecological Economics, Elsevier, vol. 63(2-3), pages 511-520, August.
    13. John Bergstrom & Kevin Boyle & Mitsuyasu Yabe, 2004. "Trading Taxes vs. Paying Taxes to Value and Finance Public Environmental Goods," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 28(4), pages 533-549, August.
    14. Richard D. Smith, 2003. "Construction of the contingent valuation market in health care:a critical assessment," Health Economics, John Wiley & Sons, Ltd., vol. 12(8), pages 609-628.
    15. Yoshiaki Kaoru, 1993. "Differentiating use and nonuse values for coastal pond water quality improvements," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 3(5), pages 487-494, October.
    16. Thomas Michielsen, 2013. "Environmental Catastrophes under Time-Inconsistent Preferences," Working Papers 2013.55, Fondazione Eni Enrico Mattei.
    17. Catherine Kling, 1993. "An assessment of the empirical magnitude of option values for environment goods," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 3(5), pages 471-485, October.
    18. Michielsen, T.O., 2013. "Environmental Catastrophes Under Time-inconsistent Preferences," Discussion Paper 2013-013, Tilburg University, Center for Economic Research.
    19. Soliño, Mario & Vázquez, María X. & Prada, Albino, 2009. "Social demand for electricity from forest biomass in Spain: Does payment periodicity affect the willingness to pay?," Energy Policy, Elsevier, vol. 37(2), pages 531-540, February.
    20. Randall, Alan, 1982. "Economic Surplus Concepts and Their Use in Benefit Cost Analysis," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(02), August.

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