The economic value of water quality
Stated preference values for water quality ratings based on the US Environmental Protection Agency National Water Quality Inventory ratings provide an operational basis for benefit assessment. Iterative choice survey results for a very large, nationally representative, Web-based panel imply an average valuation of $32 for each percent increase in lakes and rivers in the region for which water quality is rated "Good." Valuations are skewed, with the mean value more than double the median. Sources of heterogeneity in benefit values include differences in responses to average water quality information and the base level of water quality. Conjoint estimates are somewhat lower than the iterative choice values. The annual economic value of the decline in inland US water quality from 1994 to 2000 is over $20 billion. © 2008 Springer Science+Business Media B.V.
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- Agricultural Economics & Policy
- 1499 Other Economics
- 1402 Applied Economics
- 0502 Environmental Science and Management
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Published In
DOI
ISSN
Publication Date
Volume
Issue
Start / End Page
Related Subject Headings
- Agricultural Economics & Policy
- 1499 Other Economics
- 1402 Applied Economics
- 0502 Environmental Science and Management