The Influence Of Water Quality On The Value Of Recreational Properties Adjacent To St Albans Bay Vermont

Download or read book The Influence of Water Quality on the Value of Recreational Properties Adjacent to St. Albans Bay, Vermont written by C. Edwin Young and published by . This book was released on 1984 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extract: Hedonic price functions were estimated to determine the impact of degraded water quality on the value of seasonal homes adjacent to St. Albans Bay on Lake Champlain in northern Vermont. A rating of water quality and a zero-one location variable were used as alternative specifications of water quality. Degraded water quality of the bay had depressed adjacent property values by $4,500 on the average, or about 20 percent, compared with similar nearby properties on the larger but cleaner lake.