Valuing Water Quality as a Function of Water Quality Measures

John A. Downing
Authors registered in the RePEc Author Service: Kevin Joseph Egan and Catherine Louise Kling

American Journal of Agricultural Economics, 2009, vol. 91, issue 1, 106-123

Abstract: Employing a unique and rich data set of water quality attributes in conjunction with detailed household characteristics and trip information, we develop a mixed logit model of recreational lake usage and undertake thorough model specification and fitting procedures to identify the best set of explanatory variables, and their functional form for the estimated model. Our empirical analysis shows that individuals are responsive to the full set of water quality measures used by biologists to identify the impaired status of lakes. Thus, changes in these quality measures are not simply a scientific exercise, but they also translate into changes in the recreational usage patterns and well-being of individual households. Willingness-to-pay (WTP) estimates are reported based on improvements in these physical measures. Copyright 2009, Oxford University Press.

Date: 2009
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Citations: View citations in EconPapers (64)

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Related works:
Working Paper: Valuing Water Quality as a Function of Water Quality Measures (2009)
Working Paper: Valuing Water Quality As a Functionof Water Quality Measures (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:91:y:2009:i:1:p:106-123

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