The aesthetic quality of water resources is often assumed to be valuable to society, yet few robust estimates of this value have been reported in the limnological literature. Because entire lakes and rivers are not bought and sold regularly, their aesthetic value cannot be determined by...

Random Utility Maximization (RUM) models of recreation demand are typically plaguedby limited information on environmental and other attributes characterizing the available sitesin the choice set. To the extent that these unobserved site attributes are correlated with theobserved characteristics...