To date, the regional economics literature has neglected to combine a county-level dynamic computable general equilibrium (CGE) model with a recreation demand model to analyze the temporal effects of reallocating water from agriculture to recreational use. This study begins to address this...

The amenity value of two measures of rainfall are investigated in this study: long term average annual rainfall and the variation in rainfall within the year. Estimates of the economic value of rainfall and variation in rainfall are found using the hedonic property value technique. The results...