Valuing Potential Groundwater Protection Benefits
Thomas D. Crocker, Bruce A. Forster, Jason F. Shogren
January 1991 [91-WP 71]
This paper explores the implications of endogenous risk for the economic value of preventing groundwater contamination. We consider the analytical implications of endogenous risk for five key building blocks frequently used to structure studies of groundwater valuation: The probability and the location of contamination, the exposed population, risk perceptions, and Intertemporal issues.
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