THE INFLUENCE OF WATER QUALITY ON THE VALUE OF RECREATIONAL PROPERTIES ADJACENT TO ST. ALBANS BAY, VERMONT

Chester Young and Frank A. Teti

No 276791, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: Hedonic price functions were estimated to determine the impact of degraded water quality on the value of seasonal homes adjacent to St. Albans Bay on Lake Champlain in northern Vermont. A rating of water quality and a zero-one location variable were used as alternative specifications of water quality. Degraded water quality of the bay had depressed adjacent property values by $4,500 on the average, or about 20 percent, compared with similar nearby properties on the larger but cleaner lake.

Keywords: Agricultural and Food Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 44
Date: 1984-01
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:276791

DOI: 10.22004/ag.econ.276791

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