Valuing a Spatially Variable Environmental Resource: Reducing Non-point Source Pollution in Green Bay, WI
AbstractThis article investigates the value of reducing non-point source pollution in Green Bay, WI. Using stated preference methods, we find the lower bound on the benefits of reducing runoff enough to universally increase water clarity by four feet is greater than $9 million annually. Using a unique survey design, we show that because current water clarity in Green Bay is spatially variable, the value that a household places on this universal improvement depends on the distance of the household's residence from the Bay and on the particular geospatial location of the residence. This has important implications for estimating aggregate benefits.
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Bibliographic InfoPaper provided by University of Wisconsin, Agricultural and Applied Economics in its series Staff Paper Series with number 538.
Date of creation: May 2009
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-AGR-2009-12-11 (Agricultural Economics)
- NEP-ALL-2009-12-11 (All new papers)
- NEP-ENV-2009-12-11 (Environmental Economics)
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