Environmental Economics

Option Price Estimates for Water Quality Improvements: A Contingent Valuation Study for the Monongahela River

This paper presents the findings from a contingent valuation survey designed to estimate the option price bids for the improved recreation resulting from enhanced water quality in the Pennsylvania portion of the Monongahela River. The findings are based on a survey design that used professional interviewers to conduct personal interviews determined from a representative sample of 393 households. The findings suggest that the question format affects the option price estimates and that criteria for determining the final sample of responses have an important influence on contingent valuation results.

  • Keywords

    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Stated Preference - Contingent Valuation
    Environmental Media:
    b. Water
    b. Water - Surface
    Desvousges, William H.
    Smith, V. Kerry
    Fisher, Ann
    EPA Project Officer/ Manager:
    Fisher, Ann
    Geographic Area:
    Study Purpose:
    Empirical Application
    Inventory Record #: EE-0301
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    Funding Organization:
    Environmental Protection Agency, Address:
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    Date Linked: 08/25/2017