Environmental Economics

Option Values, Preservation Values and Recreational Benefits of Improved Water Quality: A Case Study of the South Platte River Basin, Colorado

This is believed to be the first empirical test of the concept of option value for any non-market good. Application of the bidding game technique was successful in meeting the primary study objective of measuring the option value of improved water quality. Also included are improved estimates of the benefits to recreational users of enhanced water quality, the existence value of a natural ecosystem, and the value of its bequest to future generations. The relationship between the value of improved water quality and several socioeconomic variables was tested with regression and other statistical procedures. The report is based on direct interviews with 202 residents of Denver and Fort Collins located in the South Platte River Basin, Colorado. Interviewees responded to the survey within the context of improving the quality of water degraded by heavy metals from post mining activities and preventing future degradation from such sources.

  • Keywords

    Subject:
    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
    Authors:
    Walsh, Richard G.
    Greenley, D.A.
    Young, R.A.
    McKean, J.R.
    Prato, A.A.
    EPA Project Officer/ Manager:
    Gillette, Donald
    Geographic Area:
    Colorado
    Study Purpose:
    Empirical Application, Data Development
    Inventory Record #: EE-0064
  • Participating Organizations

    Research Organization:

    Colorado State University, Department of EconomicsAddress:
    City: Fort Collins State: CO ZIP: 80523
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency,
    Office of Research and Development,
    Health Effects Research Laboratory
    Address:
    City: Research Triangle Park State: NC ZIP: 27711
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    01/01/1978
    Number of Pages:
    110
    Comment:
    EPA #:
    NTIS #:
    Grant/Contract #:
    EPA-600/5-78-001
    PB-272934
    R 803206-01-5
  • How to Obtain Report


    Download report now, Order a copy of report

    Use link(s) to download or view the report

    Date Linked: 08/25/2017
    Other Ways to Obtain the Report:
    You may be able to obtain this report by contacting the National Technical Information Service (NTIS):
    By phone: 1-800-553-6847 or 703-605-6000;
    By mail: NTIS, Department of Commerce, 5285 Port Royal Rd., Springfield, VA 22161;
    By World Wide Web: [http://www.ntis.gov].
    You will need the following NTIS report #: PB-272934