1 A Loon on Every Lake: A Hedonic Analysis of Lake Water Quality in the Adirondacks Carrie M. Tuttle Martin D. Heintzelman* May 19, 2014 PRELIMINARY DRAFT – PLEASE DO NOT CITE Institute for a Sustainable Environment Clarkson University E-mail: tuttlecm@clarkson.edu Phone: (315) 778-8312 *Carrie M. Tuttle is a Research Assistant Professor in the Institute for a Sustainable Environment at Clarkson University. Martin D. Heintzelman is Associate Professor and Fredric C. Menz Scholar of Environmental Economics at Clarkson University School of Business. We would like to thank Kevin Boyle, Bill Desvouges, Patrick Walsh, and Nina Schoch for comments on earlier drafts and presentations of this research, as well as three anonymous referees for comments. All errors are our own.