Title

The Spatial Extent Of Water Quality Benefits In Urban Housing Markets

Abstract

Water quality regulation continues to be controversial, as demonstrated by recent litigation between the U.S. Environmental Protection Agency and the state of Florida over nutrient standards. While the costs of standards are usually known, benefits may be diverse and difficult to identify. This study investigates the effects of enhanced water quality on both waterfront and nonwaterfront property prices, using hedonic models within an urban market. Findings indicate (1) the value of increased water quality depends upon the property's location and proximity to waterfront, and the surface area of the water body; and (2) aggregate benefits to nonwaterfront homes may dominate those realized by waterfront homeowners. © 2011 by the Board of Regents of the University of Wisconsin System.

Publication Date

1-1-2011

Publication Title

Land Economics

Volume

87

Issue

4

Number of Pages

628-644

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.3368/le.87.4.628

Socpus ID

80053309106 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/80053309106

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