Snyder, Lori D.; Stavins, Robert N.; Wagner, Alexander F. - Fondazione ENI Enrico Mattei (FEEM) - 2003
We develop and apply a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework (Becker 1965), and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...