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Valuing Potential Groundwater Protection Benefits

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  • Thomas D. Crocker
  • Bruce A. Forster
  • Jason F. Shogren

Abstract

This paper explores the implications of endogenous risk for the economic value of preventing groundwater contamination. We consider the analytical implications of endogenous risk for five key building blocks frequently used to structure studies of groundwater valuation: The probability and the location of contamination, the exposed population, risk perceptions, and Intertemporal issues.

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File URL: http://www.card.iastate.edu/publications/DBS/PDFFiles/91wp71.pdf
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Bibliographic Info

Paper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 91-wp71.

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Date of creation: Jan 1991
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Handle: RePEc:ias:cpaper:91-wp71

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Cited by:
  1. Iftikhar Ahmad & Miraj ul Haq & Abdul Sattar, 2010. "Factors Determining Public Demand for Safe Drinking Water (A Case Study of District Peshawar)," Development Economics Working Papers 22826, East Asian Bureau of Economic Research.
  2. Poe, Gregory L. & Bishop, Richard C., 1992. "Prior Information, General Information, and Specific Information in the Contingent Valuation of Environmental Risks: The Case of Nitrates in Groundwater," Staff Papers 121335, Cornell University, Department of Applied Economics and Management.
  3. John C. Whitehead & Thomas J. Hoban & George Van Houtven, 1999. "Averting Behavior and Drinking Water Quality," Working Papers 9905, East Carolina University, Department of Economics.
  4. Mark D. Agee & Thomas D. Crocker, 2002. "On Techniques to Value the Impact of Environmental Hazards on Children's Health," NCEE Working Paper Series, National Center for Environmental Economics, U.S. Environmental Protection Agency 200208, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Sep 2002.
  5. Haq, Mirajul & Usman Mustafa, Usman & Ahmad, Iftikhar, 2008. "Household’s willingness to pay for safe drinking water: A case study of Abbottabad district," MPRA Paper 15208, University Library of Munich, Germany, revised Aug 2008.
  6. Gregory Poe & Richard Bishop, 1999. "Valuing the Incremental Benefits of Groundwater Protection when Exposure Levels are Known," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 13(3), pages 341-367, April.
  7. Horan, Richard D. & Shogren, Jason F. & Bulte, Erwin H., 2011. "Joint determination of biological encephalization, economic specialization," Resource and Energy Economics, Elsevier, vol. 33(2), pages 426-439, May.
  8. John C. Whitehead & George Van Houtven, . "Methods for Valuing the Benefits of the Safe Drinking Water Act: Review and Assessment," Working Papers 9705, East Carolina University, Department of Economics.
  9. Shaw, W. Douglass & Woodward, Richard T., 2008. "Why environmental and resource economists should care about non-expected utility models," Resource and Energy Economics, Elsevier, vol. 30(1), pages 66-89, January.

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