RECREATIONAL AND AESTHETIC VALUE OF WATER USING HEDONIC PRICE ANALYSIS

@inproceedings{Lansford1995RECREATIONALAA,
  title={RECREATIONAL AND AESTHETIC VALUE OF WATER USING HEDONIC PRICE ANALYSIS},
  author={Notie H. Lansford and Lonnie L. Jones},
  year={1995}
}
Historically, water allocation focused on quantities demanded by consumptive uses. As quantity demand grows, efficient allocation among consumptive and nonconsumptive uses becomes more critical. This hedonic approach provides information regarding recreational and aesthetic (RA) value for a central Texas lake. The model indicates several statistically significant RA characteristics of housing; proximity is the most important. Waterfront properties command a premium, but marginal RA price falls… CONTINUE READING

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