A Comparison of Direct and Indirect Methods for Estimating Environmental Benefits

V. Smith, William H. Desvousges and Ann Fisher

American Journal of Agricultural Economics, 1986, vol. 68, issue 2, 280-290

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.

Date: 1986
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:68:y:1986:i:2:p:280-290.

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