This paper explores the implications of endogenous risk for the economic value of preventing groundwater contamination. We consider the analytical implications of endogenous risk for five key building blocks frequently used to structure studies of groundwater valuation: The probability and the location of contamination, the exposed population, risk perceptions, and Intertemporal issues.
This working paper was published as Crocker, Thomas D., Bruce A. Forster and Jason F. Shogren, "Valuing potential groundwater protection benefits," Water Resources Research 27 (1991): 1–6, doi:10.1029/90WR02135.
Crocker, Thomas D.; Forster, Bruce A.; and Shogren, Jason F., "Valuing Potential Groundwater Protection Benefits" (1991). CARD Working Papers. 101.