Ecosystem Valuation Policy Applications for the Patuxent Watershed Ecological-Economics Model

EPA Grant Number: R825309
Title: Ecosystem Valuation Policy Applications for the Patuxent Watershed Ecological-Economics Model
Investigators: Geoghegan, Jacqueline
Institution: Clark University
EPA Project Officer: Chung, Serena
Project Period: January 1, 1997 through December 31, 1998
Project Amount: $104,685
RFA: Decision-Making and Valuation for Environmental Policy (1996) RFA Text |  Recipients Lists
Research Category: Environmental Justice


In this proposed research the Principle Investigator will develop and analyze a number of proposed government policies and measure their economic and ecological costs and benefits using the joint Ecological Economics Patuxent Watershed Model presently under development at the University of Maryland by the Department of Agricultural and Resource Economics and the Chesapeake Biological Lab. This linked ecological and economic model makes possible inquiry into issues of ecosystem valuation, by first determining the interplay and feedbacks between ecological and economic systems. The subcontract to the University of Maryland will enable the PI to continue working with the economists and ecologists there for further modeling improvements and linkages. These improvements include further development with the economists of a hedonic pricing model to perform welfare analysis and ecosystem valuation. The PI will also continue working with the ecologist to design ecosystem health indices to be able to more fully link and utilize the ecological and economic models for policy analysis. The policies that will be analyzed include the use of zoning and other land use controls, as well as riparian forest buffers to control nonpoint source pollution into ground and surface water and habitat health and diversity in the Watershed; investigate aspects of the regulatory "takings" issues in regard to a number of potential government environmental policies; and investigate the role and function of wetlands in both ecological and economic terms, to be able to augment benefit cost analysis of regulatory action regarding wetlands.

Publications and Presentations:

Publications have been submitted on this project: View all 34 publications for this project

Journal Articles:

Journal Articles have been submitted on this project: View all 4 journal articles for this project

Supplemental Keywords:

Patuxent watershed, Maryland, MD, hazard/duration models, hedonic models, spatial econometrics, residential development, land use change, open space., RFA, Economic, Social, & Behavioral Science Research Program, Scientific Discipline, Geographic Area, Water, Water & Watershed, State, Economics, Ecology and Ecosystems, decision-making, Watersheds, Economics & Decision Making, ecosystem valuation, policy analysis, public resources, biodiversity option values, valuation, decision analysis, economic benefits, valuing environmental quality, environmental assets, spatial econometrics, economic incentives, environmental values, preference formation, cost benefit, riparian forests, cost/benefit analysis, environmental policy, Maryland (MD), landscape ecology, aquatic ecosystems, hedonic models, public values, Patuxent Watershed, public policy, cost effectiveness

Relevant Websites:

Progress and Final Reports:

  • 1997 Progress Report
  • Final Report