Willingness to pay for flood and ecological risk reduction in an urban watershed

D. E. Clark, V. Novotny, R. Griffin, D. Booth, A. Bartošová, M. C. Daun, M. Hutchinson

Research output: Contribution to journalArticlepeer-review

Abstract

Urban watershed managers frequently must address alternative policy goals; flood control and ecological risk reduction. This study combines hydrologic models of flood control and biotic models of ecologic risk with economic models of willingness-to-pay and psychological models of risk processing and planned behavior to evaluate these two alternative policy objectives. The findings reveal that flood risk exposure, especially for those individuals who would remain outside the 100 year flood plain if the project were enacted, does influence the financial support that local residents would be willing to make to a flood control project. Other important determinants include demographic factors such as income, and attitudinal measures of the respondent. Expanding the scope of the project to include ecological risk reduction does not, however, appear to change the average willingness-to-pay for a project.

Original languageEnglish (US)
Pages (from-to)235-242
Number of pages8
JournalWater Science and Technology
Volume45
Issue number9
DOIs
StatePublished - 2002

Keywords

  • Ecological
  • Flood
  • Risk
  • Willingness-to-pay

ASJC Scopus subject areas

  • Environmental Engineering
  • Water Science and Technology

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