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Estimating Willingness to Pay for River Amenities and Safety Measures Associated with Shale Gas Extraction

Eastern economic journal, 2013-01, Vol.39 (1), p.28-44 [Peer Reviewed Journal]

Copyright © 2013 Eastern Economic Association (EEJ) ;Eastern Economic Association 2012 ;ISSN: 0094-5056 ;EISSN: 1939-4632 ;DOI: 10.1057/eej.2012.3

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Title:
Estimating Willingness to Pay for River Amenities and Safety Measures Associated with Shale Gas Extraction
Author: Bernstein, Paula ; Kinnaman, Thomas C. ; Wu, Mengqi
Subjects: Cost estimates ; Costs ; Demography ; Econometrics ; Economic surveys ; Economic Theory/Quantitative Economics/Mathematical Methods ; Economic value ; Economics ; Economics and Finance ; Environmental economics ; Households ; Natural gas ; Oil shale ; Population estimates ; Shales ; Studies ; Valleys ; Valuation ; Water quality ; Watersheds ; Willingness to pay
Is Part Of: Eastern economic journal, 2013-01, Vol.39 (1), p.28-44
Description: This research was funded by the Susquehanna Heartland Coalition for Environmental Studies (SHCES), an organization that "exists to promote collaboration in research, provide environmental education, improve water quality, and address other environmental concerns related to the Susquehanna River Watershed." All statements and conclusions expressed in this manuscript do not represent the views of SHCES or those of Bucknell University. Neither SHCES nor Bucknell influenced the writing of this document or assumed any editing authority. This paper utilizes a Contingent Valuation Method survey of a random sample of residents to estimate that households are willing to pay an average of US$12.00 per month for public projects designed to improve river access and US$10.46 per month for additional safety measures that would eliminate risks to local watersheds from drilling for natural gas from underground shale formations. These estimates can be compared with the costs of providing each of these two amenities to help foster the formation of efficient policy decisions.
Publisher: London: Palgrave Macmillan
Language: English
Identifier: ISSN: 0094-5056
EISSN: 1939-4632
DOI: 10.1057/eej.2012.3
Source: ProQuest Central

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Estimating Willingness to Pay for River Amenities and Safety Measures Associated with Shale Gas Extraction

Copyright © 2013 Eastern Economic Association (EEJ) ;Eastern Economic Association 2012 ;ISSN: 0094-5056 ;EISSN: 1939-4632 ;DOI: 10.1057/eej.2012.3

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