An Iterative Choice Approach to Valuing Clean Lakes, Rivers, and Streams
Publication
, Journal Article
Magat, WA; Huber, J; Viscusi, WK; Bell, J
Published in: Journal of Risk and Uncertainty
January 1, 2000
This article introduces an iterative choice procedure for valuing inland water quality. This approach breaks up the valuation into a series of component tasks. The water quality ladder approach is not valid empirically. Consequently, respondents in Colorado and North Carolina assessed the value of making water quality rated "good" by EPA, which has a value of $22.40 per additional percent improvement. Nonuse and probabilistic use are highly valued. The results also indicate how water quality valuations differ for aquatic environment, edible fish, and swimming, as well as for water that is cloudy, smelly, or polluted by toxics. Minorities are particularly likely to rely upon monitorable water quality attributes.
Duke Scholars
Published In
Journal of Risk and Uncertainty
DOI
ISSN
0895-5646
Publication Date
January 1, 2000
Volume
21
Issue
1
Start / End Page
7 / 43
Related Subject Headings
- Economics
- 1502 Banking, Finance and Investment
- 1402 Applied Economics
Citation
APA
Chicago
ICMJE
MLA
NLM
Magat, W. A., Huber, J., Viscusi, W. K., & Bell, J. (2000). An Iterative Choice Approach to Valuing Clean Lakes, Rivers, and Streams. Journal of Risk and Uncertainty, 21(1), 7–43. https://doi.org/10.1023/A:1026565225801
Magat, W. A., J. Huber, W. K. Viscusi, and J. Bell. “An Iterative Choice Approach to Valuing Clean Lakes, Rivers, and Streams.” Journal of Risk and Uncertainty 21, no. 1 (January 1, 2000): 7–43. https://doi.org/10.1023/A:1026565225801.
Magat WA, Huber J, Viscusi WK, Bell J. An Iterative Choice Approach to Valuing Clean Lakes, Rivers, and Streams. Journal of Risk and Uncertainty. 2000 Jan 1;21(1):7–43.
Magat, W. A., et al. “An Iterative Choice Approach to Valuing Clean Lakes, Rivers, and Streams.” Journal of Risk and Uncertainty, vol. 21, no. 1, Jan. 2000, pp. 7–43. Scopus, doi:10.1023/A:1026565225801.
Magat WA, Huber J, Viscusi WK, Bell J. An Iterative Choice Approach to Valuing Clean Lakes, Rivers, and Streams. Journal of Risk and Uncertainty. 2000 Jan 1;21(1):7–43.
Published In
Journal of Risk and Uncertainty
DOI
ISSN
0895-5646
Publication Date
January 1, 2000
Volume
21
Issue
1
Start / End Page
7 / 43
Related Subject Headings
- Economics
- 1502 Banking, Finance and Investment
- 1402 Applied Economics