Valuing a Spatially Variable Environmental Resource: Reducing Non-point Source Pollution in Green Bay, WI
Rebecca Moore,
Bill Provencher and
Richard C. Bishop
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Rebecca Moore: University of Georgia
Bill Provencher: University of Wisconsin, Madison
Richard C. Bishop: University of Wisconsin, Madison
Staff Paper Series from University of Wisconsin, Agricultural and Applied Economics
Abstract:
This article investigates the value of reducing non-point source pollution in Green Bay, WI. Using stated preference methods, we find the lower bound on the benefits of reducing runoff enough to universally increase water clarity by four feet is greater than $9 million annually. Using a unique survey design, we show that because current water clarity in Green Bay is spatially variable, the value that a household places on this universal improvement depends on the distance of the household's residence from the Bay and on the particular geospatial location of the residence. This has important implications for estimating aggregate benefits.
Date: 2009-05
New Economics Papers: this item is included in nep-agr and nep-env
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:wisagr:538
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