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Analysis of the non-market benefits of protecting salt pond water quality in southern Rhode Island: an application of the hedonic price and contingent valuation techniques

Thesis/Dissertation ·
OSTI ID:6472598
Rhode Island is confronted with conflicts between the private use of its coastal zone and the public use of continuous water bodies. Property ownership along its southern shore offers many highly valued environmental amenities and services. However, sewage derived from residential cesspools has been polluting the salt water ponds. Unless steps are taken, further reductions in water quality due to imminent development of the remaining residential land would prohibit shell fishing and swimming, and probably fishing and boating. This dissertation considers the use conflicts between residential growth and recreation in the salt ponds region from an economic standpoint. Given the policy orientation, it contains normative as well as positive analyses. A hedonic price equation for housing properties was estimated using the Box-Cox maximum likelihood procedure. Log, semi-log, and linear functional forms were rejected statistically. Tests for market segmentation revealed a temporal segmentation. Water view, water frontage, and distances to the nearest ocean beach and salt water pond were significant determinants of property value. Implicit prices derived from the hedonic price equation were used to estimate a model for compensating variation.
Research Organization:
Rhode Island Univ., Kingston (USA)
OSTI ID:
6472598
Country of Publication:
United States
Language:
English

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Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
290300* -- Energy Planning & Policy-- Environment
Health
& Safety
520200 -- Environment
Aquatic-- Chemicals Monitoring & Transport-- (-1989)
54 ENVIRONMENTAL SCIENCES
COASTAL REGIONS
ECONOMIC ANALYSIS
ECONOMICS
ENVIRONMENTAL QUALITY
FEDERAL REGION I
HYDROGEN COMPOUNDS
NORTH AMERICA
OXYGEN COMPOUNDS
PONDS
RECREATIONAL AREAS
RESIDENTIAL SECTOR
RHODE ISLAND
SEAWATER
SURFACE WATERS
USA
WATER
WATER QUALITY