Lake Drawdown: A Debate on the Value of 2 Inches of Water

Russ Kashian

Working Papers from UW-Whitewater, Department of Economics

Abstract: This study uses the hedonic price model to estimate the effect a change in water level has on the value of real estate on Lake Koshkonong in Wisconsin. Hedonic techniques are employed to show that a 2 inch reduction in the lake’s water level had a significant effect on Lake Koshkonong’s shoreline property values. The body of existing research demonstrates that changes in both the subjective and objective indicators of value is important for estimating the implicit value of water quality in hedonic analyses. This paper provides new evidence on the economic harm created by the reduction of water levels and the concurrent publicity created by the action.

Pages: 19 pages
Date: 2006-09
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.uww.edu/documents/colleges/cobe/economics/wpapers/06_02_kashian.pdf Full text (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.uww.edu/documents/colleges/cobe/economics/wpapers/06_02_kashian.pdf [302 Found : Moved Temporarily]--> https://www.uww.edu/documents/colleges/cobe/economics/wpapers/06_02_kashian.pdf)

Related works:
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:uww:wpaper:06-02

Access Statistics for this paper

More papers in Working Papers from UW-Whitewater, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Yamin Ahmad ().