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Valuing potential groundwater protection benefits
Author(s) -
Crocker Thomas D.,
Forster Bruce A.,
Shogren Jason F.
Publication year - 1991
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/90wr02135
Subject(s) - valuation (finance) , groundwater , groundwater contamination , contamination , environmental science , water resource management , population , risk analysis (engineering) , natural resource economics , economics , business , aquifer , engineering , environmental health , ecology , geotechnical engineering , medicine , finance , biology
This paper explores the implications of endogenous risk for the economic value of preventing groundwater contamination. We consider the analytical implications of endogenous risk for five key building blocks frequently used to structure studies of groundwater valuation: the probability and the location of contamination, the exposed population, risk perceptions, and intertemporal issues.