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DOI | 10.1086/689201 |
The Implicit Price of Aquatic Grasses | |
Guignet, Dennis1; Griffiths, Charles1; Klemick, Heather1; Walsh, Patrick J.2 | |
发表日期 | 2017 |
ISSN | 0738-1360 |
卷号 | 32期号:1页码:21-41 |
英文摘要 | Submerged aquatic vegetation (SAV) in the Chesapeake Bay is well below half of its historic levels, largely due to excessive nutrient and sediment loads degrading water quality. SAV provides important ecosystem functions, many of which are beneficial to local residents. To understand the implicit value residents place on SAV and the ecosystem services it provides, we undertake a hedonic property value study using residential transactions in 11 Maryland counties adjacent to the Chesapeake Bay. These data are matched to high resolution maps of SAV coverage. We pose a quasi-experimental comparison and examine how the prices of homes near the waterfront vary with the presence of SAV. On average, waterfront and near-waterfront homes within 200 meters of the shore sell at about a 6.5% premium when SAV is present. Applying these estimates to the 185,000-acre SAV attainment goal suggests total property value gains on the order of $436 million. |
英文关键词 | Aquatic grass;Chesapeake Bay;ecosystem service;hedonic;property value;SAV;submerged aquatic vegetation;water quality |
语种 | 英语 |
WOS记录号 | WOS:000390519900002 |
来源期刊 | MARINE RESOURCE ECONOMICS
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来源机构 | 美国环保署 |
文献类型 | 期刊论文 |
条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/57567 |
作者单位 | 1.US EPA, Natl Ctr Environm Econ, 1200 Penn Ave NW, Washington, DC 20460 USA; 2.Landcare Res, 231 Morrin Rd, Auckland 1072, New Zealand |
推荐引用方式 GB/T 7714 | Guignet, Dennis,Griffiths, Charles,Klemick, Heather,et al. The Implicit Price of Aquatic Grasses[J]. 美国环保署,2017,32(1):21-41. |
APA | Guignet, Dennis,Griffiths, Charles,Klemick, Heather,&Walsh, Patrick J..(2017).The Implicit Price of Aquatic Grasses.MARINE RESOURCE ECONOMICS,32(1),21-41. |
MLA | Guignet, Dennis,et al."The Implicit Price of Aquatic Grasses".MARINE RESOURCE ECONOMICS 32.1(2017):21-41. |
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