Valuing Ground Water Economic Concepts and Approaches (1997) / Chapter Skim
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Appendix A: Glossary
Appendix A: Glossary
Pages 169-173
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From page 169... ...
an assessment approach in which costs in curred by households to offset or mitigate environmental hazards (e.g., expenditures on water purifiers to remove pollution from ground water) are used to infer value of clean water (Young, 1996~.
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From page 170... ...
buffer value the difference between the maximum value of a stock of ground water under uncertainty and its maximum value under certainty where the supply of surface water is stabilized at its mean. Thus, this value arises from the ability of ground water to provide supplemental water supplies during short-term periods of drought or other supply disruptions.
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From page 171... ...
Usually applied to levels of clean air or water or similar environmental attributes as components of the total value (sales price) of real estate (Young, 1996~.
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From page 172... ...
reverse osmosis is a highly efficient removal process for inorganic ions, salts, some organic compounds, and in some designs, microbiological contaminants. Reverse osmosis resembles the membrane filtration process in that it involves the application of a high feed water pressure to force water through semipermeable membrane.
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From page 173... ...
Acronyms ABM averting behavior method BCA benefit-cost analysis BV bequest value CVM contingent valuation method EV existence value HPM hedonic price method RIA regulatory impact analyses TEV total economic value TCM travel cost method WTA willingness to accept WTP willingness to pay
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Key Terms
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