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The Economics of Water

             


Economic Theory

If you’re interested in understanding more of the theory behind economics as it is related to water, read this section. It gives a more detailed description of the actual economic practices used within many of the studies.
 
 
All articles and abstracts are in pdf format
 
 

Economic Theory

Economics of Water - Definitions of Terms
 

Intermediate Material

Economics Research Supporting Water Resource Stewardship in the Pacific Northwest
    by Laurie L. Houston, Jeffrey D. Kline, and Ralph J. Alig
The Structure of Motivation for Contingent Values:  A Case Study of Lake Water Quality Improvement 
    by Philip Cooper, Gregory L. Poe, and Ian J. Bateman
Fairness in the Contingent Valuation of Environmental Public Goods: Attitude Toward Paying for Environmental Improvements at Two Levels of Scope 
    by Bradley S. Jorgensen et. al.
The Value of Water Levels in Water-Based Recreation: A Pooled Revealed Preference/Contingent Behavior Model 
    by Mark E. Eiswerth et. al.

Advanced Material

On the Scarcity Value of Ecosystem Services
    by Amitrajeet A. Batabyal, James R. Kahn, and Robert V. O’Neill
A Dual Approach to Modeling Corner Solutions in Recreation Demand 
    by Daniel J. Phaneuf
Measuring the Economic Benefits of Water Quality Improvement with Benefit Transfer: An Introduction for Noneconomists 
    by Christopher Dumas, Peter Schuhmann, and John Whitehead
The Effect of Nesting Structure Specification on Welfare Estimation in a Random Utility Model of Recreation Demand:An Application to the Demand for Recreational Fishing 
    by A. Brett Hauber and George R. Parsons
 

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Travel Cost Method

Economics of Water - Definitions of Terms
 

Intermediate Material

Toward a Value for Guided Rafting on Southern Rivers
    by J.M. Bowker, Donald B.K. English, and Jason A. Donovan
Valuing Water Quality Improvements Using Revealed Preference Methods When Corner Solutions Are Present 
    by Daniel J. Phaneuf, Catherine L. Kling, and Joseph A. Herriges
Theoretical and Empirical Specifications: Issues in Travel Cost Demand Studies 
    by Mary Jo Kealy and Richard C. Bishop

Advanced Material

The Travel Cost Model for Lake Recreation: A Comparison of Two Methods for incorporating Site Quality and Subsititution Effects
    by Peter P. Caulkins, Richard C. Bishop, and Nicolaas W. Bouwes, Sr.
A Revealed Preference Approach to the Measurement of Congestion in Travel Cost Models 
    by Christopher Timminsa & Jennifer Murdock
A Dual Approach to Modeling Corner Solutions in Recreation Demand 
    by Daniel J. Phaneuf
An Estimable Dynamic Model of Recreation Behavior with an Application to Great Lakes Angling 
    by Bill Provencher and Richard C. Bishop
Valuing Nature-based Recreation in Public Natural Areas of the Apalachicola River Region, Florida 
    by Ram K. Shrestha, Taylor V. Stein, and Julie Clark
Validation of Empirical Measures of Welfare Change: A Comparison of Nonmarket Techniques 
    by Christine Seller, John R. Stoll, and Jean-Paul Chavas
A Comparison of Direct and Indirect Methods for Estimating Indirect Methods of Estimating Environmental Benefits 
    by Michael Hanemann

 

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