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 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.


Issue Date:
1985-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29361
Published in:
Southern Journal of Agricultural Economics, Volume 17, Number 1
Page range:
139-149
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-24

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