Environmental Economics

An Iterative Choice Approach to Valuing Clean Lakes, Rivers, and Streams

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 lmaking 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 vvaluations 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. Report can be downloaded from http://www.law.harvard.edu/programs/olin_center/papers/pdf/295.pdf

  • Keywords

    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Stated Preference - Non-contingent Valuation
    Environmental Media:
    b. Water
    b. Water - Surface
    Authors:
    Magat, Wesley A.
    Huber, Joel
    Viscusi, W. Kip
    EPA Project Officer/ Manager:
    Carlin, Alan
    Geographic Area:
    Colorado, North Carolina
    Study Purpose:
    Empirical Application, Data Development
    Inventory Record #: PE-0022
  • Participating Organizations

    Research Organization:

    Duke UniversityAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Economics, and Innovation, National Center for Environmental EconomicsAddress:
    City: State: ZIP:
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    08/01/2000
    Number of Pages:
    61
    Comment:
    Grant/Contract #:
    CR814478
  • How to Obtain Report


    Not available from EERM