Valuation of Water Level: A Spatial Hedonic Analysis on Lakeshore Properties
White Bear Lake, Minnesota, has lost a large amount of water due to excessive groundwater extraction. Using a general nested spatial hedonic pricing model, this paper identifies and evaluates the impact of water loss in the lake on lakeshore properties. In addition to providing a quantitative estima...
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
2020-01-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/298432 |