Environmental Economics

Recreational Benefits Transfer Project

This report summarizes the research completed under EPA Cooperative Agreement #CR813564 entitled "Recreational Benefit Transfer Project." The objective of this research was to review all travel cost recreational demand models completed between 1970 and 1986 from published and unpublished sources, including all Master's and Ph.D. essays that could be identified and obtained. From this literature a subset of the studies was assembled for meta-analysis. The meta-analysis sought to develop a statistical summary of the results from these demand analyses in order to determine the influences of judgmental and site-characterstic variables on the consumer surplus estimates derived and to gauge the effect of these variables on other measures of demands for recreational sites. This project was funded under the Innovative Benefit Analysis Program because the effort was viewed as exploratory. The primary research activities were undertaken jointly with Dr. Yoshiaki Kaoru, currently an Assistant Social Scientist at Woods Hole Oceanographic Institution. At the time, Dr. Kaoru was a graduate student in the Department of Economic at Vanderbilt University.

The report includes the following chapters:

    1. Introduction and Overview
    2. Signals or Noise? Explaining the Variation in Recreation Benefit Estimates
    3. What Have We Learned Since Hotelling's Letter? A Meta Analysis
    4. Nearly All Consumer Surplus Estimates Are Biased
    5. Demands for Data and Analysis Induced by Environmental Policy
    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Revealed Preference
    1. Benefits Analysis - Valuation - Revealed Preference - Travel Cost
    1. Benefits Analysis - Valuation - Benefits Transfer
    Environmental Media:
    a. Air
    b. Water
    e. Ecosystems
    Authors:
    Smith, V. Kerry
    EPA Project Officer/ Manager:
    Geographic Area:
    Study Purpose:
    Methodology Development & Evaluation
    Inventory Record #: EE-0151
  • Participating Organizations

    Research Organization:

    Vanderbilt University,
    Vanderbilt Institute for Public Policy Studies
    Address:
    City: Nashville State: TN ZIP:
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning and EvaluationAddress:
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    Number of Pages:
    146
    Comment: Late 1980s.
    Grant/Contract #:
    CR813564
  • How to Obtain Report


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    Date Linked: 05/28/2009