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Environmental Management

, Volume 32, Issue 3, pp 391–398 | Cite as

Hedonic Analysis of Effects of a Nonnative Invader (Myriophyllum heterophyllum) on New Hampshire (USA) Lakefront Properties

  • John M. HalsteadEmail author
  • Jodi Michaud
  • Shanna Hallas-Burt
  • Julie P. Gibbs
Environmental Assessment

Abstract

Introduced species are a major threat to the planet’s ecosystems and one of the major causes of species extinction. This study deals with some of the economic impacts of one of these “invaders,” variable milfoil. Variable milfoil can clog waterbodies, cause boating and swimming hazards, and crowd out native species. This study analyzed the effects of variable milfoil on shoreline property values at selected New Hampshire lakes. Results indicate that property values on lakes experiencing milfoil infestation may be considerably lower than similar properties on uninfested lakes. Results are highly sensitive to specification (variable selection) of the hedonic equation.

Keywords

Variable milfoil Hedonics Nonnative species 

Notes

Acknowledgments

The authors would like to thank Ju-Chin Huang and two anonymous reviewers for helpful comments. Thanks also for support from the New Hampshire Department of Environmental Services and Amy Smagula. Any remaining errors are those of the authors.

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Copyright information

© Springer-Verlag New York, Inc. 2003

Authors and Affiliations

  • John M. Halstead
    • 1
    Email author
  • Jodi Michaud
    • 1
  • Shanna Hallas-Burt
    • 1
  • Julie P. Gibbs
    • 2
  1. 1.Department of Resource Economics and DevelopmentUniversity of New Hampshire, Durham, New Hampshire 03824 603-862-3914USA
  2. 2.Regional EconomistU.S. Army Corps of Engineers, Fort Worth, TexasUSA

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