The Spatial Extent of Water Quality Benefits in Urban Housing Markets

Patrick Walsh, J. Walter Milon and David O. Scrogin

Land Economics, 2011, vol. 87, issue 4

Abstract: Water quality regulation continues to be controversial, as demonstrated by recent litigation between the U.S. Environmental Protection Agency and the state of Florida over nutrient standards. While the costs of standards are usually known, benefits may be diverse and difficult to identify. This study investigates the effects of enhanced water quality on both waterfront and nonwaterfront property prices, using hedonic models within an urban market. Findings indicate (1) the value of increased water quality depends upon the property’s location and proximity to waterfront, and the surface area of the water body; and (2) aggregate benefits to nonwaterfront homes may dominate those realized by waterfront homeowners.

JEL-codes: Q51 Q53 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (64)

Downloads: (external link)
http://le.uwpress.org/cgi/reprint/87/4/628
A subscription is required to access pdf files. Pay per article is available.

Related works:
Working Paper: The Spatial Extent of Water Quality Benefits in Urban Housing Markets (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:87:y:2011:iv:1:p:628-644

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().