Truesdell, Marie K.; Bergstrom, John C.; Dorfman, Jeffrey H. - In: Journal of Agricultural and Applied Economics 38 (2006) 03
A hedonic model is used to measure the change in value of residential lots in Rockport, Texas, resulting from Section 404 of the U.S. Clean Water Act. Results show that average lot values initially decreased, went though a six-year adjustment period, and then stabilized on a higher price path...