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Community valuations of environmental quality in coastal lakes: Lake Illawarra case study
Faculty of Business - Economics Working Papers
  • Ann Hodgkinson, University of Wollongong
  • Abbas Valadkhani, University of Wollongong
Publication Date
1-1-2009
Publication Details

Hodgkinson, A & Valadkhani, A, Community valuations of environmental quality in coastal lakes: Lake Illawarra case study, Working Paper 09-03, Department of Economics, University of Wollongong, 2009, 30p.

Abstract

This study illustrates how the hedonic pricing method can measure the value of environmental assets in an urban setting. A HPM valuation, utilising relatively easily accessible secondary data, and a semi-logarithmic regression form, is used. The value achieved was substantially greater than either expenditures to date or the actuarial valuation of Lake Illawarra. The study demonstrates the applicability of the technique and recommends its further development and use for this type of public decision-making. A range of other data was also generated that adds to the usefulness of this approach for general planning purposes.

Citation Information
Ann Hodgkinson and Abbas Valadkhani. "Community valuations of environmental quality in coastal lakes: Lake Illawarra case study" (2009)
Available at: http://works.bepress.com/abbas/47/