Physical Sciences and Mathematics Commons^™

Buffernomics: Assessing Willingness To Pay For Lake Conservation On North Pond And East Pond, Sophie D. Sarkar

Honors Theses

Hedonic property valuations in Maine have estimated that a one-meter decrease in water clarity can reduce shoreline property values by 4 to 16%. To avoid a loss on their lakefront investment, shoreline property owners have a particularly large incentive to conserve lake water quality. Nevertheless, while some shoreline residents voluntarily install vegetated buffers and actively participate in lake stewardship, others continue to ignore shoreline zoning laws at the expense of lake health. In this thesis, I examine the dichotomy of active and indifferent shoreline residents by analyzing the motivations that distinguish residents who are willing to pay (WTP) for and …