Hostname: page-component-7bb8b95d7b-w7rtg Total loading time: 0 Render date: 2024-09-25T14:54:17.817Z Has data issue: false hasContentIssue false
  • English
  • Français

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
Get access

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 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bartik, Timothy J. 1988. “Measuring the Benefits of Amenity Improvements in Hedonic Price Models.” Land Economics 64(2)172–83.CrossRefGoogle Scholar
Bartik, Timothy J. 1987. “The Estimation of Demand Parameters in Hedonic Price Model.” Journal of Political-Economy 95(1): 81–88.CrossRefGoogle Scholar
Bejranonda, Somskaow. 1996. “An Assessment of the Soil Erosion Impacts on Lakeside Property Values in Ohio: A Hedonic Pricing Method Application.” PhD Dissertation. Ohio State University Department of Agricultural Economics, Columbus, OH.Google Scholar
Brown, J.N., and Rosen, H.S. 1982. “On Estimation of Structural Hedonic Price Models.” Econometrica 50: 765–768.CrossRefGoogle Scholar
Clark, E.H. II, Havercamp, J.A. and Chapman, W. 1985. “Eroding Soils: The Off-Farm Impacts.” The Conservation Foundation. Washington, DC. Google Scholar
Deaton, Angus, and Meullbauer, John. 1980. “An Almost Ideal Demand System.” American Economic Review 70(3), 312–326.Google Scholar
Driscoll, Paul, Alwang, Jeffrey & Dietz, Brian. 1994. “Welfare Analysis When Budget Constraints are Nonlinear: The Case of Flood Hazard Protection.” Journal of Environmental Economics and Management 26: 2: 181–199.CrossRefGoogle Scholar
Epple, Dennis. 1987. “Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products.” Journal of Political-Economy 95(1): 81–88.CrossRefGoogle Scholar
Hitzhusen, Fred J. 1991. “The Economics of Sustainable Agriculture: Adding a Downstream Perspective.” Journal of Sustainable Agriculture 2(2): 75–89.CrossRefGoogle Scholar
Hitzhusen, Fred J., and French, Dustin. 1998-1999. Soil Erosion and Lake Recreation Values: a Benefit Transfer Analysis of Ohio and Adjacent Regions.” OARDC Competitive Grant, Ohio State University.Google Scholar
LaFrance, Jeffrey. 1991. “Consumer Surplus vs. Compensating Variation Revisited.” American Journal of Agricultural Economics 73(5): 1496–1507.CrossRefGoogle Scholar
Lehman, Timothy S., Hitzhusen, Fred J., and Batte, Marvin. 1995. “The Political Economy of Dredging to Offset Sediment Impacts on Water Quality in Ohio's State Park Lakes.” Journal of Soil and Water Conservation (November-December) 513–516.Google Scholar
Linneman, Peter. 1981. “The Demand for Residence Site Characteristics.” Journal of Urban Economics 9: 129–148.CrossRefGoogle Scholar
Macgregor, D.R. 1988. “The Value of Lost Boater Value Use and the Cost of Dredging: Evaluating of Two Aspects of Sedimentation in Ohio's State Park Lakes.” Unpublished Ph.D. Dissertation. The Ohio State University.Google Scholar
Macgregor, R., Maxwell, Judith A., and Hitzhusen, Fred J. 1991. “An Operational Model for Targeting Erosion Remediation on the Basis of Partial Off-Site Damage Assessments.” Journal of Soil and Water Conservation (July-August) 301–304.Google Scholar
Mendelsohn, Robert. 1984. “Estimating the Structural Equations of Implicit Markets and Household Production Functions.” Review of Economics and Statistics, 673–677.Google Scholar
Nelson, Jon P. 1978. “Residential Choice, Hedonic Prices and the Demand for Urban Air Quality.” Journal of Urban Economics 5: 357–369.CrossRefGoogle Scholar
Parsons, George R. 1986. “An Almost Ideal Demand System for Housing Attributes.” Southern Economic Journal 53: 347–363.CrossRefGoogle Scholar
Palmquist, Raymond B. 1988. “Welfare Measurements for Environmental Improvements Using the Hedonic Model: the Case of Non-parametic Prices.” Journal of Environmental Economics and Management 15: 297–312.CrossRefGoogle Scholar
Palmquist, Raymond B., Roka, Fritz M. and Vukina, Tomislav 1997. “Hog Operations, Environmental Effects and Residential Property Values.” Land Economics 73(1): 114–124.CrossRefGoogle Scholar
Quigley, J.M. 1984. “Non-Linear Budget Constraints and Consumer Demand: An Application to Public Programs for Resident Housing.” Journal of Urban Economics 12: 177–201.CrossRefGoogle Scholar
Rosen, Sherwin 1974. “Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition.” Journal of Political Economics 82: 34–55.CrossRefGoogle Scholar
The U.S. Soil Conservation Service and the U.S. Forest Service. 1990. “Impact of Nonpoint Pollution on Lakes in Ohio.” (August).Google Scholar