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Economic Valuation of River Systems

Edited by Fred J. Hitzhusen, Professor of Environmental and Natural Resource Economics, The Ohio State University, US
The book applies benefit–cost analysis and a wide array of non-market and distribution economic valuation methods in ecologic context to determine the pay-off and distribution impacts of various infrastructure and water quality improvements to eight river systems in the Great Lakes region of the US. The generally positive results have important implications for public policy and future research.
Extent: 232 pp
Hardback Price: $135.00 Web: $121.50
Publication Date: 2007
ISBN: 978 1 84542 634 7
Availability: In Stock
Paperback Price: $64.00 Web: $51.20
Publication Date: 2009
ISBN: 978 1 84844 640 3
Availability: In Stock
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  • Economics and Finance
  • Environmental Economics
  • Valuation
  • Environment
  • Environmental Economics
  • Valuation
  • Water
The book applies benefit–cost analysis and a wide array of non-market and distribution economic valuation methods in ecologic context to determine the pay-off and distribution impacts of various infrastructure and water quality improvements to eight river systems in the Great Lakes region of the US. The generally positive results have important implications for public policy and future research.

Prime readership is the wide range of academics, NGO and government agency staff and citizen action groups concerned with the management and protection of rivers and other natural resource systems.
‘. . . the book provides a wide variety of practical examples of economic assessments of river management projects. . . the book offers policy-makers a nice range of valuation case studies and practical and illustrative guidance on the use of economic valuation results in cost–benefit analysis of river management.’
– Marije Schaafsma, Environmental and Resource Economics

‘It is rare to find a book that attempts to integrate physical, biological and social sciences (economics) to address environmental problems, but this book does a great job of it. It is also rare to find a book that addresses both the benefits and the costs of river restoration, and again this book delivers. This collection of case studies provides an informative and practical guide to conducting economic analyses of many different types of river restoration. Scientists interested in quantifying the benefits and costs of river restoration will gain a very quick and thorough education from the case studies presented in this book.’
– John Loomis, Colorado State University, US
Contributors: A. Abdul-Mohsen, R. Ayalasomayajula, J.J. Ferreti-Meza, D.L. Forster, T.C. Granata, T. Haab, F.J. Hitzhusen, M. Hnytka, S. Irvin, P.W. Jeanty, S.A. Kruse, S. Lowder, C. Murray, B. Sohngen, A. Sommer, D. Warren, U. Zika
Contents:

Preface

1. The Role of Biology and Ecological Engineering in Watershed and River Restoration
Timothy C. Granata and Ulrike Zika

2. Codification, Case Studies, and Methods for Economic Analysis of River Systems
Fred J. Hitzhusen

3. Estimating Willingness to Pay for Additional Protection of Ohio Surface Waters: Contingent Valuation of Water Quality
Stephen Irvin, Tim Haab and Fred J. Hitzhusen

4. The Economics of High-head Dam Removal in an Ecological Context: A Case Study of the Ballville Dam, Fremont, Ohio
Sarah A. Kruse, Timothy C. Granata and Ulrike Zika

5. The Economics of Low-head Dam Removal: A Case Study on the Salmon River in Fort Covington, New York
David Warren and Fred J. Hitzhusen

6. Economic Analysis of Infrastructure and Water Quality Improvements in the Muskingum River Corridor
Fred J. Hitzhusen, Radha Ayalasomayajula and Sarah Lowder

7. Economic Analysis of Water Quality and Recreational Benefits of the Hocking River Valley
Allan Sommer and Brent Sohngen

8. Effects of Pesticide Use and Farming Practices on Water Treatment Costs in Maumee River Basin Communities
D. Lynn Forster and Chris Murray

9. Economic Efficiency and Distribution Evaluation of Dredging of Toxic Sediments and Selected Dam Removal in the Mahoning River
Ashraf Abdul-Mohsen and Fred J. Hitzhusen

10. An Economic Analysis of Lower Great Miami River Segment Improvements
Radha Ayalasomayajula, P. Wilner Jeanty and Fred J. Hitzhusen

11. The Cuyahoga River Valley Initiative: Framing, Codification, and Preliminary Economic Analysis in an Urban River Corridor
Fred J. Hitzhusen, Sarah A. Kruse, Ashraf Abdul-Mohsen, Joana J. Ferreti-Meza and Marc Hnytka

12. Overview, Key Findings, and Approaches Including Benefit Transfer for Generalization of Research Results
Fred J. Hitzhusen and Sarah A. Kruse

Index