Abstract:
Valuations of environmental resources often require the use of non-market
approaches. In this paper, three common non-market methods are employed to valuate
restoration of Eighteenmile Creek, a Great Lakes Area of Concern (AOC) located in
upstate New York. Using a survey of recreational anglers who visit the stream, we
determine that travel cost and contingent valuation methods are consistent in their
estimation of consumer surplus increases with site remediation. Implementation of a
hedonic property approach indicates that the increases in property values with site
remediation as determined in similar AOC studies may not occur at Eighteenmile Creek.
