Table 4

Estimated Mean Marginal Implicit Prices of Increased Water Clarity (2000 dollars)

Scenario: 1 ft Increase in Secchi Depth	Model 3	% of Mean Home Price	Model 3S	% of Mean Home Price
Edge Effects
Lakefront properties	$5,594.80 (573.75)	1.24	$5,663.08 (411.89)	1.25
Nonlakefront properties	717.50 (126.34)	0.36	728.23 (124.23)	0.36
Proximity Effects
100 m from lake	1,440.96 (172.64)	0.72	1,460.46 (147.72)	0.73
200 m from lake	1,115.64 (141.96)	0.56	1,131.20 (129.03)	0.57
400 m from lake	790.32 (126.89)	0.40	801.94 (123.43)	0.40
600 m from lake	600.02 (127.78)	0.30	609.34 (127.09)	0.30
800 m from lake	465.00 (132.87)	0.23	472.68 (132.59)	0.24
1,000 m from lake	360.27 (139.08)	0.18	366.68 (138.33)	0.18
Size Effects
Lakefront properties
100 acre lake	4,908.61 (558.74)	1.08	4,959.93 (392.28)	1.10
1,000 acre lake	5,867.79 (588.21)	1.30	5,942.83 (430.73)	1.31
Nonlakefront properties
100 acre lake	396.72 (97.47)	0.20	400.01 (103.49)	0.20
1,000 acre lake	1,118.75 (187.48)	0.56	1,138.80 (178.70)	0.57