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Valuing Water Quality Changes At Connecticut Lakes With Contingent Price Data

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  • Fishman, Kara J.
  • Leonard, Robert L.
  • Shah, Farhed A.
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    Abstract

    A survey based approach is proposed to augment the property value method when historical information on water quality variation is unavailable. Data from three Connecticut lakes is used to illustrate this approach. The impact of hypothetical water quality changes on recreational and aesthetic values is assessed and analyzed.

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    File URL: http://purl.umn.edu/21568
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    Bibliographic Info

    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 1999 Annual meeting, August 8-11, Nashville, TN with number 21568.

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    Date of creation: 1999
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    Handle: RePEc:ags:aaea99:21568

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    Related research

    Keywords: contingent price; water quality; Resource /Energy Economics and Policy;

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    1. Lansford, Notie H., Jr. & Jones, Lonnie L., 1995. "Recreational And Aesthetic Value Of Water Using Hedonic Price Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(02), December.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Timothy J. Bartik, 1988. "Measuring the Benefits of Amenity Improvements in Hedonic Price Models," Land Economics, University of Wisconsin Press, vol. 64(2), pages 172-183.
    4. Kanemoto, Yoshitsugu, 1988. "Hedonic Prices and the Benefits of Public Projects," Econometrica, Econometric Society, vol. 56(4), pages 981-89, July.
    5. Leggett, Christopher G. & Bockstael, Nancy E., 1998. "Evidence Of The Effects Of Water Quality On Residential Land Prices," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20919, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. K. E. McConnell, 1990. "Double Counting in Hedonic and Travel Cost Models," Land Economics, University of Wisconsin Press, vol. 66(2), pages 121-127.
    7. Jeffrey Englin & Trudy Cameron, 1996. "Augmenting travel cost models with contingent behavior data," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 7(2), pages 133-147, March.
    8. Maler, Karl-Goran, 1977. "A note on the use of property values in estimating marginal willingness to pay for environmental quality," Journal of Environmental Economics and Management, Elsevier, vol. 4(4), pages 355-369, December.
    9. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132.
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