Emma Donnelly , Richard T. Melstrom , Lopamudra Chakraborti
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引用次数: 0
Abstract
This paper estimates the economic benefits of restoring the Waukegan Harbor Area of Concern (AOC) along the shore of Lake Michigan in Waukegan, Illinois. Legacy pollutants left from industrial activities are a threat to human and wildlife health and limit commercial and recreational activities in the harbor. The AOC has undergone substantial remediation since its designation in 1987. We estimate the economic benefits of restoring the AOC using a hedonic analysis of home sales around the harbor before and after several remediation events. We find that home prices within 5 km (3 miles) increased $12,832 on average, with aggregate benefits of $169 million, after the most recent restoration announcement in 2020.
期刊介绍：
Water Resources and Economics is one of a series of specialist titles launched by the highly-regarded Water Research. For the purpose of sustainable water resources management, understanding the multiple connections and feedback mechanisms between water resources and the economy is crucial. Water Resources and Economics addresses the financial and economic dimensions associated with water resources use and governance, across different economic sectors like agriculture, energy, industry, shipping, recreation and urban and rural water supply, at local, regional and transboundary scale.
Topics of interest include (but are not restricted to) the economics of:
Aquatic ecosystem services-
Blue economy-
Climate change and flood risk management-
Climate smart agriculture-
Coastal management-
Droughts and water scarcity-
Environmental flows-
Eutrophication-
Food, water, energy nexus-
Groundwater management-
Hydropower generation-
Hydrological risks and uncertainties-
Marine resources-
Nature-based solutions-
Resource recovery-
River restoration-
Storm water harvesting-
Transboundary water allocation-
Urban water management-
Wastewater treatment-
Watershed management-
Water health risks-
Water pollution-
Water quality management-
Water security-
Water stress-
Water technology innovation.
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