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

Autor:	Thomas C. Kinnaman, Mengqi Wu, Paula Bernstein
Rok vydání:	2012
Předmět:	Economics and Econometrics Contingent valuation Actuarial science Shale gas Natural resource economics business.industry Willingness to pay Natural gas Policy decision Economics Extraction (military) Water quality business Oil shale
Zdroj:	Eastern Economic Journal. 39:28-44
ISSN:	1939-4632 0094-5056
Popis:	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.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bff74ddc9f1aec25f5273a2dfaf02806 https://doi.org/10.1057/eej.2012.3 Zobrazit plný text záznamu Full text from SpringerLink