Available methods of valuing environmental changes are often limited in their applicability to current issues such as damage assessment and implementing regulatory controls, or may otherwise not provide reliable readings of community preferences. An alternative is to base decisions on...

This paper provides an empirical framework for testing a welfare change measure by considering the following problem: a public agency is faced with the decision of how to maximize public welfare from optimally locating a large-scale national recreational ...

A procedure for measuring option value and other preservation values of water quality is developed and applied to a case study area in the South Platte River Basin, Colorado. Benefits from water-based recreation activities are focus of the study. The ...