Environmental Economics

The Economics of Valuing Marine Recreation: A Review of the Empirical Evidence

The question addressed in this 1993 report from Bowdoin College is whether the available economics literature provides a basis for estimating the benefits to marine recreation attributable to the water pollution control programs of federal, state, and local agencies. It attempts to answer this question by seeking answers to four more specific questions. First, what does the literature tell us about the economic values that people place on being able to undertake specific recreation activities and on being able to visit specific recreation sites? Second, what attributes of recreation sites matter to people? And what values do they place on changes in these attributes? Third, what do we know about how policy affects those attributes for which data on values are available? And fourth, is it feasible, and if so, under what conditions, to use the value information obtained for specific sites and/or activities to estimate values of changes in activities or attributes at other recreation sites or to synthesize or aggregate the individual studies into an estimate of the national benefits of marine water quality improvements?

  • Keywords

    Subject:
    1. Benefits Analysis
    1. Benefits Analysis - Valuation
    1. Benefits Analysis - Valuation - Stated Preference
    1. Benefits Analysis - Valuation - Revealed Preference
    Environmental Media:
    b. Water
    b. Water - Surface
    Authors:
    Freeman III, A. Myrick
    EPA Project Officer/ Manager:
    Geographic Area:
    Study Purpose:
    Methodology Development & Evaluation
    Inventory Record #: EE-0310
  • Participating Organizations

    Research Organization:

    Bowdoin College, Department of EconomicsAddress:
    City: Brunswick State: ME ZIP:
    Phone: Fax:
    E-mail:
    Funding Organization:
    Environmental Protection Agency, Office of Policy, Planning, and EvaluationAddress: 401 M Street SW
    City: Washington State: DC ZIP: 20460
    Phone: Fax:
    E-mail:
  • Report Details
    Type:
    Final
    Date:
    09/01/1993
    Number of Pages:
    93
    Comment:
    Grant/Contract #:
    CR-817553-01
  • How to Obtain Report


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    Date Linked: 05/28/2009