Grantee Research Project Results
Ecosystem Valuation Policy Applications for the Patuxent Watershed Ecological-Economics Model
EPA Grant Number: R825309Title: 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
Description:
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 projectJournal Articles:
Journal Articles have been submitted on this project: View all 4 journal articles for this projectSupplemental Keywords:
Patuxent watershed, Maryland, MD, hazard/duration models, hedonic models, spatial econometrics, residential development, land use change, open space., RFA, Scientific Discipline, Geographic Area, Water, Economic, Social, & Behavioral Science Research Program, Economics & Decision Making, State, Economics, Watersheds, decision-making, Water & Watershed, Ecology and Ecosystems, economic objectives, public values, economic benefits, landscape ecology, public resources, valuing environmental quality, cost benefit, ecosystem valuation, policy analysis, cost effectiveness, riparian forests, biodiversity option values, cost/benefit analysis, environmental values, public policy, spatial econometrics, decision analysis, economic incentives, valuation, hedonic models, Patuxent Watershed, aquatic ecosystems, environmental assets, environmental policy, preference formationRelevant Websites:
http://140.232.1.5/~jgeogheg/jmg_page.html
Progress and Final Reports:
The perspectives, information and conclusions conveyed in research project abstracts, progress reports, final reports, journal abstracts and journal publications convey the viewpoints of the principal investigator and may not represent the views and policies of ORD and EPA. Conclusions drawn by the principal investigators have not been reviewed by the Agency.