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How Much is Clean Water Worth? Valuing Water Quality Improvement Using A Meta Analysis

Author

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  • Ge, Jiaqi
  • Kling, Catherine L.
  • Herriges, Joseph A.

Abstract

This paper has developed and estimated a valuation model for water quality improvement. After reviewing more than 100 studies, we set up a data set that has 332 valuations from 38 distinct studies. Based on the data set, we estimate a linear valuation model, which can then be used to predict the mean willingness to pay by households living in a given region for water quality improvement at a given site. For instance, the willingness to pay by a typical household living in the state of Iowa for a water quality increase from 40 to 50 (out of 100) at a one-square-mile aquatic site, like Iowa's Spirit Lake, is predicted to be $137.52. The valuation model developed in this paper is particularly convenient when we want to evaluate the benefit of a project that aims at improving water quality, but a primary study is too costly or time consuming.

Suggested Citation

  • Ge, Jiaqi & Kling, Catherine L. & Herriges, Joseph A., 2013. "How Much is Clean Water Worth? Valuing Water Quality Improvement Using A Meta Analysis," Staff General Research Papers Archive 36597, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:36597
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    File URL: http://www2.econ.iastate.edu/papers/p16597-2013-09-29.pdf
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    References listed on IDEAS

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    1. repec:eee:ecolec:v:137:y:2017:i:c:p:184-194 is not listed on IDEAS
    2. Wolf, David & Klaiber, H. Allen, 2017. "Bloom and bust: Toxic algae's impact on nearby property values," Ecological Economics, Elsevier, vol. 135(C), pages 209-221.
    3. repec:kap:enreec:v:69:y:2018:i:2:d:10.1007_s10640-016-0078-3 is not listed on IDEAS
    4. Heather Klemick & Charles Griffiths & Dennis Guignet & Patrick Walsh, 2015. "Explaining Variation in the Value of Chesapeake Bay Water Quality Using Internal Meta-analysis," NCEE Working Paper Series 201504, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Nov 2015.

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