Valuing Groundwater Recharge in an Urban Context

Bowman Cutter

Land Economics, 2007, vol. 83, issue 2, 234-252

Abstract: Urbanization often creates waterrelated externalities such as increased flooding and decreased groundwater recharge. Decreased recharge can lead to the diminution of potentially valuable groundwater. Groundwater’s ability to buffer water-supply shocks may be a substantial component of the value of groundwater stock. I argue that in urban contexts, autoregressive rather than i.i.d. stochastic processes are a better characterization of water supply processes. Data for the Los Angeles area suggests that an autoregressive process is a better approximation of water supply processes than alternative processes and produces economically and statistically significantly different estimates of buffer and groundwater stock values.

JEL-codes: Q25 Q32 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

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