A more comprehensive estimate of the value of water quality
A more comprehensive estimate of the value of water quality
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DOI:
10.1016/j.jpubeco.2022.104600
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发表时间:
2022-02-14
影响因子:
9.8
通讯作者:
Zheng, Jiameng
中科院分区:
文献类型:
--
作者:
Kuwayama, Yusuke;Olmstead, Sheila;Zheng, Jiameng
The estimated marginal cost of U.S. water pollution control often exceeds its marginal benefit. We provide intuition, theory and empirical evidence suggesting that the hedonic property model-a common revealed-preference approach to valuing pollution control-may not capture water's recreational benefits. Using the case of Tampa Bay, Florida, we estimate willingness to pay (WTP) for water quality improvements by combining a recreation demand model with a hedonic property model. Results indicate that homeowners have significant WTP for both local and regional recreational water quality improvements and suggest that prior hedonic studies may underestimate the benefits of water pollution control.(c) 2022 Elsevier B.V. All rights reserved.