Public Environmental Amenity Benefits of Private Land: The Case of Prime Agricultural Land

Failure of land markets to account for environmental amenity benefits may lend support to public policies to protect agricultural land. The contingent valuation method is employed to estimate willingness to pay for such amenities in Greenville County, South Carolina. Marginal household amenity benef...

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Veröffentlicht in:Journal of agricultural and applied economics 1985-07, Vol.17 (1), p.139-149
Hauptverfasser: Bergstrom, John C., Dillman, B. L., Stoll, John R.
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container_title Journal of agricultural and applied economics
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creator Bergstrom, John C.
Dillman, B. L.
Stoll, John R.
description Failure of land markets to account for environmental amenity benefits may lend support to public policies to protect agricultural land. The contingent valuation method is employed to estimate willingness to pay for such amenities in Greenville County, South Carolina. Marginal household amenity benefits were estimated at $.06 per thousand acres using a payment card in a mail survey with 53 percent response. Bid payment vehicle was found not to significantly influence bids received. The informational structure of the contingent market was found to influence valuation responses, reinforcing the hypothesis that respondents react to alternative contingent market structures. The relationship between contingent market structure and directional effects upon responses is an important area for future research.
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identifier ISSN: 1074-0708
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language eng
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source AgEcon; Periodicals Index Online; EZB-FREE-00999 freely available EZB journals
subjects CAROLINA DEL SUR
CAROLINE DU SUD
contingent valuation
environmental amenities
ENVIRONNEMENT
ESTIMACION
MEDIO AMBIENTE
MODELE
MODELOS
prime land
public policy
Submitted Articles
SURFACE AGRICOLE UTILE
TIERRAS AGRICOLAS
VALEUR D'ESTIMATION
title Public Environmental Amenity Benefits of Private Land: The Case of Prime Agricultural Land
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