Work

The Spatial Extent of Water Quality Benefits in Urban Housing Markets

Year: 2011

Type: article

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. (JEL Q51, Q53)

Source: Land Economics

DOI: 10.3368/le.87.4.628

Authors: Patrick J. Walsh, J. Walter Milon, David O. Scrogin

Institutions: University of Central Florida, Environmental Protection Agency

Language: English

Topic: Housing Market and Economics

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Clean water and sanitation, Sustainable cities and communities

Open Access status: bronze

OpenAlex ID: W2143449405