A comparison of direct and indirect methods for estimating environmental benefits

V. Kerry Smith, William H. Desvousges, Ann Fisher, R. C. Bishop

Research output: Contribution to journalArticle

70 Scopus citations

Abstract

Two classes of methods are currently available to estimate consumers' valuations of improvements in environmental resources direct and indirect. This paper reports the results of a detailed comparison of the estimated recreational benefits associated with water quality improvements using one member of each class. The findings indicate that while the estimates are quite comparable, analyst judgment played a very important role in the development of both methods.

Original languageEnglish (US)
Pages (from-to)280-290
Number of pages11
JournalAmerican Journal of Agricultural Economics
Volume68
Issue number2
DOIs
StatePublished - May 1986

Keywords

  • Benefit estimation
  • Contingent valuation
  • Travel cost
  • Water quality

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

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