This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Lake Drawdown: A Debate on the Value of 2 Inches of Water

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Russell Kashian () (Department of Economics, University of Wisconsin - Whitewater)

Additional information is available for the following registered author(s):

Abstract

This study uses the hedonic price model to estimate the effect a change in water level has on the value of real estate on Lake Koshkonong in Wisconsin. Hedonic techniques are employed to show that a 2 inch reduction in the lake’s water level had a significant effect on Lake Koshkonong’s shoreline property values. The body of existing research demonstrates that changes in both the subjective and objective indicators of value is important for estimating the implicit value of water quality in hedonic analyses. This paper provides new evidence on the economic harm created by the reduction of water levels and the concurrent publicity created by the action.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. 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://academics.uww.edu/business/economics/wpapers/06_02_kashian.pdf
File Format: application/pdf
File Function: Full text
Download Restriction: no

Publisher Info
Paper provided by UW-Whitewater, Department of Economics in its series Working Papers with number 06-02.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 19 pages
Date of creation: Sep 2006
Date of revision:
Handle: RePEc:uww:wpaper:06-02

Contact details of provider:
Postal: Whitewater, WI 53190-1750
Phone: (414) 472-1361
Web page: http://academics.uww.edu/business/economics/
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Yamin Ahmad).

Related research
Keywords:

This paper has been announced in the following NEP Reports:

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. 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.. [Downloadable!] (restricted)
  2. Puto, Christopher P, 1987. " The Framing of Buying Decisions," Journal of Consumer Research: An Interdisciplinary Quarterly, University of Chicago Press, vol. 14(3), pages 301-15, December.
  3. Hatch, L.U. & Hanson, T.R., 2001. "Change And Conflict In Land And Water Use: Resource Valuation In Conflict Resolution Among Competing Users," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(02), August. [Downloadable!]
  4. Boyle, Kevin J & Taylor, Laura O, 2001. "Does the Measurement of Property and Structural Characteristics Affect Estimated Implicit Prices for Environmental Amenities in a Hedonic Model?," The Journal of Real Estate Finance and Economics, Springer, vol. 22(2-3), pages 303-18, March-May. [Downloadable!] (restricted)
  5. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May. [Downloadable!] (restricted)
  6. Holly J. Michael & Kevin J. Boyle & Roy Bouchard, 2000. "Does the Measurement of Environmental Quality Affect Implicit Prices Estimated from Hedonic Models?," Land Economics, University of Wisconsin Press, vol. 76(2), pages 283-298. [Downloadable!] (restricted)
  7. Singh, Harinder, 1988. "Investigating the compatibility of econometric forecasts and subjective expectations: A suggested framework," Journal of Economic Psychology, Elsevier, vol. 9(2), pages 233-249, June. [Downloadable!] (restricted)
  8. Palmquist, Raymond B, 1984. "Estimating the Demand for the Characteristics of Housing," The Review of Economics and Statistics, MIT Press, vol. 66(3), pages 394-404, August. [Downloadable!] (restricted)
Full references

Statistics
Access and download statistics

Did you know? You too can volunteer for RePEc, for example by providing information about publications in your institution.

This page was last updated on 2009-12-6.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.