Since the late 1960s, economists have been developing methodologies to measure environmental impacts. Among the approaches most widely used are the travel cost method (TCM) and the contingent valuation method (CVM). Generally, these methods provide a reasonable approximation of the value of a...

The study carried out an original study to estimate visitors' willingness to pay (WTP) for improvements to the water quality of East Lake in Wuhan, China. It compared the findings with the results of similar studies in other parts of the world to see how close the results were and whether they...

Improving lake water quality is believed to increase the economic value of recreational resorts. However, few empirical estimates have been made in China to determine the value of the economic benefits brought about by such improvements. In this study, two non-market valuation methods,...

According to this study, demand for swimming, fishing and boating could provide an economic rationale for the clean-up of one of China's most famous lakes. The study looked at how demand for water-based recreation at East Lake, Wuhan, would change if the level of pollution in the lake's waters...