TY - JOUR
T1 - The valuation of off-site ecosystem service flows
T2 - Deforestation, erosion and the amenity value of lakes in Prescott, Arizona
AU - Yoo, James
AU - Simonit, Silvio
AU - Connors, John P.
AU - Kinzig, Ann
AU - Perrings, Charles
PY - 2014/1
Y1 - 2014/1
N2 - One of the most important services provided by forests is the control of erosion. We investigated the value of forest cover in protecting water quality in five urban lakes around Prescott, AZ. We first estimated the role of forest cover in regulating sediment loadings into each lake via a sediment delivery model. We then used 8301 single-family residential property transactions that occurred between 2002 and 2005 in Prescott, AZ, to estimate a hedonic price function. This yielded an estimate of the marginal willingness-to-pay (MWTP) for avoiding 1. t of sediment per lake-acre, from which we were able to infer the marginal willingness to pay for the erosion control services associated with a 10% change in current canopy cover. We found that the marginal value of the erosion control services of forest cover varies widely across the watersheds depending on the accessibility of affected lakes, the current level of canopy cover, and the number and value of affected residential properties among other factors.
AB - One of the most important services provided by forests is the control of erosion. We investigated the value of forest cover in protecting water quality in five urban lakes around Prescott, AZ. We first estimated the role of forest cover in regulating sediment loadings into each lake via a sediment delivery model. We then used 8301 single-family residential property transactions that occurred between 2002 and 2005 in Prescott, AZ, to estimate a hedonic price function. This yielded an estimate of the marginal willingness-to-pay (MWTP) for avoiding 1. t of sediment per lake-acre, from which we were able to infer the marginal willingness to pay for the erosion control services associated with a 10% change in current canopy cover. We found that the marginal value of the erosion control services of forest cover varies widely across the watersheds depending on the accessibility of affected lakes, the current level of canopy cover, and the number and value of affected residential properties among other factors.
KW - Ecosystem services
KW - Erosion control
KW - Hedonic price model
KW - Sediment delivery
UR - http://www.scopus.com/inward/record.url?scp=84888805215&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84888805215&partnerID=8YFLogxK
U2 - 10.1016/j.ecolecon.2013.11.001
DO - 10.1016/j.ecolecon.2013.11.001
M3 - Article
AN - SCOPUS:84888805215
SN - 0921-8009
VL - 97
SP - 74
EP - 83
JO - Ecological Economics
JF - Ecological Economics
ER -