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Agricultural Sedimentation Impacts on Lakeside Property Values

Published online by Cambridge University Press:  15 September 2016

Somskaow Bejranonda ,
Fred J. Hitzhusen  and
Diane Hite
Somskaow Bejranonda
Affiliation:
Faculty of Economics, Kasetsart University, Bangkok, Thailand
Fred J. Hitzhusen
Affiliation:
Department of Agricultural, Environmental and Development Economics at the The Ohio State University
Diane Hite
Affiliation:
Mississippi State University Department of Agricultural Economics
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Abstract

A hedonic pricing model is developed to estimate the effects of policies to control agricultural sedimentation on lakeside property values at 15 Ohio state park lakes. Using an LA/AIDS demand system, we estimate changes in social welfare that result from upstream soil conservation practices and/or lake dredging activity, while holding other property characteristics constant. Policy simulation results suggest that lakeside residents generally have a higher willingness to pay on an annualized basis for sediment reduction from upstream soil conservation than for lake dredging. This has important implications for soil conservation policy, particularly in targeting improvements in the economic efficiency of the Conservation Reserve Program.

Type
Articles
Information
Agricultural and Resource Economics Review , Volume 28 , Issue 2 , October 1999 , pp. 208 - 218
Copyright
Copyright © 1999 Northeastern Agricultural and Resource Economics Association 

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