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Estimating Willingness to Pay for River Amenities and Safety Measures Associated with Shale Gas Extraction

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  • Paula Bernstein

    (Department of Economics, Bucknell University, Lewisburg, PA 17837, USA)

  • Thomas C Kinnaman

    (Department of Economics, Bucknell University, Lewisburg, PA 17837, USA)

  • Mengqi Wu

    (Department of Economics, Bucknell University, Lewisburg, PA 17837, USA)

Abstract

This paper utilizes a Contingent Valuation Method survey of a random sample of residents to estimate that households are willing to pay an average of US$12.00 per month for public projects designed to improve river access and US$10.46 per month for additional safety measures that would eliminate risks to local watersheds from drilling for natural gas from underground shale formations. These estimates can be compared with the costs of providing each of these two amenities to help foster the formation of efficient policy decisions.

Suggested Citation

  • Paula Bernstein & Thomas C Kinnaman & Mengqi Wu, 2013. "Estimating Willingness to Pay for River Amenities and Safety Measures Associated with Shale Gas Extraction," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 39(1), pages 28-44.
    • Handle: RePEc:pal:easeco:v:39:y:2013:i:1:p:28-44
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    Citations

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    Cited by:

    1. Charles F. Mason & Lucija A. Muehlenbachs & Sheila M. Olmstead, 2015. "The Economics of Shale Gas Development," Annual Review of Resource Economics, Annual Reviews, vol. 7(1), pages 269-289, October.
    2. Lipscomb, Clifford & Wang, Yongsheng & Kilpatrick, Sarah J., 2012. "Unconvensional Shale Gas Development and Real Estate Valuation Issues," The Review of Regional Studies, Southern Regional Science Association, vol. 42(2), pages 161-175, Summer.
    3. Yao, Liuyang & Sui, Bo, 2020. "Heterogeneous preferences for shale water management: Evidence from a choice experiment in Fuling shale gas field, southwest China," Energy Policy, Elsevier, vol. 147(C).

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