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Does Small Dam Removal Affect Local Property Values? An Empirical Analysis

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  • BILL PROVENCHER
  • HELEN SARAKINOS
  • TANYA MEYER

Abstract

This paper uses hedonic analysis to examine the impact of small dam removal on property values in south‐central Wisconsin. Data on residential property sales were obtained for three categories of sites: those where a small dam remains intact, those where a small dam was removed, and those where a river or stream has been free‐flowing for at least 20 yr. The primary conclusions that emerge from the data are that shoreline frontage along small impoundments confers no increase in residential property value compared to frontage along free‐flowing streams and that nonfrontage residential property located in the vicinity of a free‐flowing stream is more valuable than similar nonfrontage property in the vicinity of a small impoundment. (JEL Q2, Q25, Q5, Q51)

Suggested Citation

  • Bill Provencher & Helen Sarakinos & Tanya Meyer, 2008. "Does Small Dam Removal Affect Local Property Values? An Empirical Analysis," Contemporary Economic Policy, Western Economic Association International, vol. 26(2), pages 187-197, April.
    • Handle: RePEc:bla:coecpo:v:26:y:2008:i:2:p:187-197
    DOI: 10.1111/j.1465-7287.2008.00107.x
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    Cited by:

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    3. Sascha Samadi, 2017. "The Social Costs of Electricity Generation—Categorising Different Types of Costs and Evaluating Their Respective Relevance," Energies, MDPI, vol. 10(3), pages 1-37, March.
    4. Pascal da Costa & Daniel Hernandez, 2019. "The Economic Value of Ecosystem Conservation: A Discrete Choice Experiment at the Taravo River Basin in Corsica," Working Papers hal-01971681, HAL.
    5. Sara Sousa & Anabela Botelho & Lígia M. Costa Pinto & Marieta Valente, 2019. "How Relevant Are Non-Use Values and Perceptions in Economic Valuations? The Case of Hydropower Plants," Energies, MDPI, vol. 12(15), pages 1-18, August.
    6. Tapsuwan, Sorada & Polyakov, Maksym & Bark, Rosalind & Nolan, Martin, 2015. "Valuing the Barmah–Millewa Forest and in stream river flows: A spatial heteroskedasticity and autocorrelation consistent (SHAC) approach," Ecological Economics, Elsevier, vol. 110(C), pages 98-105.
    7. David Wolf & Kenji Takeuchi, 2022. "Who Gives a Dam? Capitalization of Flood Protection in Fukuoka, Japan," Discussion Papers 2203, Graduate School of Economics, Kobe University.
    8. Sheila M. Olmstead, 2010. "The Economics of Managing Scarce Water Resources," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 4(2), pages 179-198, Summer.
    9. Borisova, Tatiana & Bi, Xiang & Hodges, Alan & Holland, Stephen, 2017. "Is the tide is changing? Assessing costs and benefits of dam removal and river restoration: a case study in Florida," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252833, Southern Agricultural Economics Association.

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    More about this item

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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