RECREATION BENEFITS FROM AN IMPROVEMENT IN WATER QUALITY AT ST. ALBANS BAY, VERMONT

Marc Ribaudo, Chester Young and Donald Epp

No 277577, Staff Reports from United States Department of Agriculture, Economic Research Service

Abstract: A 1982 survey of recreationists using the northeastern portion of Lake Champlain indicates that improving the water quality of St. Albans Bay, Vermont, would produce significant economic benefits. St. Albans Bay is currently suffering nutrient enrichment problems from both point and nonpoint sources. Applying the survey data to a travel cost model produced a benefit estimate for clean water of $537,000 per year for recreationists. Recreation benefits for clean water estimated by using the contingent rating method came to $230,000 per year. The two methods are compared and reasons give as to why the contingent rating results may be more accurate.

Keywords: Environmental Economics and Policy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 36
Date: 1984-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerssr:277577

DOI: 10.22004/ag.econ.277577

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