Lansford Jr., Notie H.; Jones, Lonnie L. - In: Journal of Agricultural and Applied Economics 27 (1995) 01
Efficient allocation of water requires knowledge of water's value in both consumptive and nonconsumptive uses. This study estimates the marginal value of water in lake recreational and aesthetic (RA) use. An hedonic price equation (employing the Box-Cox functional form) indicates lake front...