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Nonpoint Source Pollution and Present Values: A Contingent Valuation Study of Lake Mendota
Author(s) -
Stumborg Basil E.,
Baerenklau Kenneth A.,
Bishop Richard C.
Publication year - 2001
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.1111/1058-7195.00049
Subject(s) - contingent valuation , nonpoint source pollution , environmental science , pollution , valuation (finance) , hydrology (agriculture) , fishery , water resource management , economics , willingness to pay , ecology , microeconomics , biology , engineering , finance , geotechnical engineering
A split sample contingent valuation survey was conducted to estimate the aggregate willingness to pay of a group of Wisconsin residents for improving the water quality of a popular recreational lake. Extensive limnological research specific to the lake allowed for a thorough understanding of the relationship between pollutant loading and water quality response, thus making the lake an excellent candidate for a contingent valuation study. Results show that the water quality improvement will provide positive net benefits to the public and that payment time horizon has a significant effect on valuation statements.
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