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Valuing Water Quality As a Functionof Water Quality Measures

  • Egan, Kevin J.
  • Herriges, Joseph A.
  • Kling, Catherine L.
  • Downing, John A.

This paper incorporates a rich set of physical water quality attributes, as well as site and household characteristics, into a model of recreational lake usage in Iowa. Our analysis shows individuals are responsive to physical water quality measures. Willingness-to-pay estimates are reported based on improvements in these measures.

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File URL: http://www.econ.iastate.edu/sites/default/files/publications/papers/paper_12210.pdf
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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12210.

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Date of creation: 25 Oct 2004
Date of revision:
Publication status: Published in American Journal of Agricultural Economics 2009, vol. 91, pp. 106-123
Handle: RePEc:isu:genres:12210
Contact details of provider: Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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  1. David Revelt & Kenneth Train, 1998. "Mixed Logit With Repeated Choices: Households' Choices Of Appliance Efficiency Level," The Review of Economics and Statistics, MIT Press, vol. 80(4), pages 647-657, November.
  2. Herriges, Joseph A. & Kling, Catherine L., 2003. "Recreation Demand Models," Staff General Research Papers 10211, Iowa State University, Department of Economics.
  3. Phaneuf, Daniel J. & Kling, Catherine L. & Herriges, Joseph A., 2000. "Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand," Staff General Research Papers 1355, Iowa State University, Department of Economics.
  4. von Haefen, Roger H., 2000. "Incorporating Observed Choice In The Construction Of Welfare Measures From Random Utility Models," 2000 Annual meeting, July 30-August 2, Tampa, FL 21836, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  5. George R. Parsons & Mary Jo Kealy, 1992. "Randomly Drawn Opportunity Sets in a Random Utility Model of Lake Recreation," Land Economics, University of Wisconsin Press, vol. 68(1), pages 93-106.
  6. Daniel McFadden & Kenneth Train, 2000. "Mixed MNL models for discrete response," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(5), pages 447-470.
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