Balancing public trust resources of Mono Lake and Los Angeles' Water Right: An economic approach

作者: John B. Loomis

DOI: 10.1029/WR023I008P01449

关键词: Public trust doctrineLogistic regressionActuarial sciencePublic trustSupreme courtWater rightEconomicsContingent valuationDichotomous choicePower (social and political)

摘要: The contingent valuation method (CVM) is used to quantify the Public Trust values of Mono Lake at alternative lake levels. dichotomous choice approach employed using a logit model. economic benefit California residents preserving estimated be $1.5 billion. Purchase replacement water and power would cost $26.2 million annually. On efficiency grounds, reallocation for maintenance warranted. CVM appears useful methodology evaluate balancing feasibility tests expanded doctrine suggested by Supreme Court.

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