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Commodity Information and Willingness-to-Pay for Groundwater Quality Protection

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  • John C. Bergstrom
  • Jeffrey H. Dorfman

Abstract

The potential sensitivity of environmental resource valuations to information concerning the resource is of interest to researchers and decision-makers involved in estimating and applying these numbers. An analysis of the impact of characteristic and service information on the economic value of groundwater quality is described. Characteristic information details the objectively measurable traits of a resource, while service information describes the consumption services provided by the resource. The analysis provides insight into the impact of information on environmental resource valuation decisions. Hypothesis tests suggest that changes in the joint levels of information may cause significant changes in groundwater quality valuation behavior. More theoretical and empirical research is required before firm conclusions can be drawn concerning the effects of information on groundwater value estimates (e.g., estimated willingness-to-pay for groundwater protection).

Suggested Citation

  • John C. Bergstrom & Jeffrey H. Dorfman, 1994. "Commodity Information and Willingness-to-Pay for Groundwater Quality Protection," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 16(3), pages 413-425.
    • Handle: RePEc:oup:revage:v:16:y:1994:i:3:p:413-425.
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    File URL: http://hdl.handle.net/10.2307/1349700
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    Cited by:

    1. Hasler, Berit & Lundhede, Thomas, 2005. "Are Agricultural Measures for Groundwater Protection Beneficial When Compared to Purification of Polluted Groundwater?," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24587, European Association of Agricultural Economists.
    2. Mukherjee, Sacchidananda, 2008. "Factors influencing farmers\u2019 willingness to protect groundwater from nonpoint source of pollution in the Lower Bhavani River Basin, Tamil Nadu," Conference Papers h041886, International Water Management Institute.
    3. Francesco Jacopo Pintus, 2023. "Valuing drinking water quality after a PFAS contamination event: results from a meta-analysis benefit transfer," "Marco Fanno" Working Papers 0308, Dipartimento di Scienze Economiche "Marco Fanno".
    4. Li, Xiaoshu & Boyle, Kevin J. & Holmes, Thomas P. & LaRouche, Genevieve Pullis, 2014. "The effect of on-site forest experience on stated preferences for low-impact timber harvesting programs," Journal of Forest Economics, Elsevier, vol. 20(4), pages 348-362.
    5. Poe, Gregory L. & Boyle, Kevin J. & Bergstrom, John C., 2000. "A Meta Analysis Of Contingent Values For Groundwater Quality In The United States," 2000 Annual meeting, July 30-August 2, Tampa, FL 21871, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Li, Xiaoshu & Boyle, Kevin J. & Pullis, Genevieve, 2012. "Does On-site Experience Affect Responses to Stated Preference Questions?," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124991, Agricultural and Applied Economics Association.

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