Economic Theory

If you’re interested in understanding more of the theory behind economics as it is related to water, read this section. It gives a more detailed description of the actual economic practices used within many of the studies.

 

Economic Theory     Travel Cost Method

 

All articles and abstracts are in pdf format

 

Intermediate Material

Economics Research Supporting Water Resource Stewardship in the Pacific Northwest

    by Laurie L. Houston, Jeffrey D. Kline, and Ralph J. Alig

• Abstract
• Economics Research Supporting Water Resource Stewardship in the Pacific Northwest

The Structure of Motivation for Contingent Values:  A Case Study of Lake Water Quality Improvement 
    by Philip Cooper, Gregory L. Poe, and Ian J. Bateman

• Abstract
• The Structure of Motivation for Contingent Values

Fairness in the Contingent Valuation of Environmental Public Goods: Attitude Toward Paying for Environmental Improvements at Two Levels of Scope 
    by Bradley S. Jorgensen et. al.

• Abstract
• Fairness in the Contingent Valuation of Environmental Public Goods: Attitude Toward Paying for Environmental Improvements at Two Levels of Scope

The Value of Water Levels in Water-Based Recreation: A Pooled Revealed Preference/Contingent Behavior Model 
    by Mark E. Eiswerth et. al.

• Abstract
• The Value of Water Levels in Water-Based Recreation

Advanced Material

On the Scarcity Value of Ecosystem Services

    by Amitrajeet A. Batabyal, James R. Kahn, and Robert V. O’Neill

• Abstract
• On the Scarcity Value of Ecosystem Services

A Dual Approach to Modeling Corner Solutions in Recreation Demand 
    by Daniel J. Phaneuf

• Abstract
• A Dual Approach to Modeling Corner Solutions in Recreation Demand

Measuring the Economic Benefits of Water Quality Improvement with Benefit Transfer: An Introduction for Noneconomists 
    by Christopher Dumas, Peter Schuhmann, and John Whitehead

• Abstract
• Presentation
• Measuring the Economic Benefits of Water Quality Improvement with Benefit Transfer

The Effect of Nesting Structure Specification on Welfare Estimation in a Random Utility Model of Recreation Demand:An Application to the Demand for Recreational Fishing 
    by A. Brett Hauber and George R. Parsons

• Abstract
• The Effect of Nesting Structure Specification on Welfare Estimation in a Random Utility Model of Recreation Demand

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Intermediate Material

Toward a Value for Guided Rafting on Southern Rivers

    by J.M. Bowker, Donald B.K. English, and Jason A. Donovan

• Abstract
• Toward a Value for Guided Rafting on Southern Rivers

Valuing Water Quality Improvements Using Revealed Preference Methods When Corner Solutions Are Present 
    by Daniel J. Phaneuf, Catherine L. Kling, and Joseph A. Herriges

• Abstract
• Valuing Water Quality Improvements Using Revealed Preference Methods When Corner Solutions Are Present

Theoretical and Empirical Specifications: Issues in Travel Cost Demand Studies 
    by Mary Jo Kealy and Richard C. Bishop

• Abstract
• Theoretical and Empirical Specifications: Issues in Travel Cost Demand Studies

Advanced Material

The Travel Cost Model for Lake Recreation: A Comparison of Two Methods for incorporating Site Quality and Subsititution Effects

    by Peter P. Caulkins, Richard C. Bishop, and Nicolaas W. Bouwes, Sr.

• Abstract
• The Travel Cost Model for Lake Recreation

A Revealed Preference Approach to the Measurement of Congestion in Travel Cost Models 
    by Christopher Timminsa & Jennifer Murdock

• Abstract
• A Revealed Preference Approach to the Measurement of Congestion in Travel Cost Models

A Dual Approach to Modeling Corner Solutions in Recreation Demand 
    by Daniel J. Phaneuf

• Abstract
• A Dual Approach to Modeling Corner Solutions in Recreation Demand

An Estimable Dynamic Model of Recreation Behavior with an Application to Great Lakes Angling 
    by Bill Provencher and Richard C. Bishop

• Abstract
• An Estimable Dynamic Model of Recreation Behavior with an Application to Great Lakes Angling

Valuing Nature-based Recreation in Public Natural Areas of the Apalachicola River Region, Florida 
    by Ram K. Shrestha, Taylor V. Stein, and Julie Clark

• Abstract
• Valuing Nature-based Recreation in Public Natural Areas of the Apalachicola River Region, Florida

Validation of Empirical Measures of Welfare Change: A Comparison of Nonmarket Techniques 
    by Christine Seller, John R. Stoll, and Jean-Paul Chavas

• Abstract
• Validation of Empirical Measures of Welfare Change

A Comparison of Direct and Indirect Methods for Estimating Indirect Methods of Estimating Environmental Benefits 
    by Michael Hanemann

• Abstract
• A Comparison of Direct and Indirect Methods for Estimating Indirect Methods of Estimating Environmental Benefits 

 

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