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PUBLIC ENVIRONMENTAL AMENITY BENEFITS OF PRIVATE LAND: THE CASE OF PRIME AGRICULTURAL LAND

John Bergstrom, B.L. Dillman and John R. Stoll

Southern Journal of Agricultural Economics, 1985, vol. 17, issue 1, 11

Abstract: Failure of land markets to account for environmental amenity benefits may lend support to public policies to protect agricultural land. The contingent valuation method is employed to estimate willingness to pay for such amenities in Greenville County, South Carolina. Marginal household amenity benefits were estimated at $.06 per thousand acres using a payment card in a mail survey with 53 percent response. Bid payment vehicle was found not to significantly influence bids received. The informational structure of the contingent market was found to influence valuation responses, reinforcing the hypothesis that respondents react to alternative contingent market structures. The relationship between contingent market structure and directional effects upon responses is an important area for future research.

Keywords: Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:29361

DOI: 10.22004/ag.econ.29361

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