Valuing Nonmarket Impacts of Climate Change on Recreation: From Reduced Form to Welfare View Full Text


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Article Info

DATE

2021-11-20

AUTHORS

Nathan W. Chan, Casey J. Wichman

ABSTRACT

Nonmarket damages are largely missing from aggregate climate impact estimates, especially those related to outdoor recreation. One simple approach to measuring these missing impacts is to estimate dose-response functions to weather, and then to combine these functions with benefits transfer approaches to value the gained or lost recreational opportunities. In this paper, we analyze the potential and shortcomings of such an approach. Although seemingly simplistic, we show that this approach has attractive theoretical properties and can provide exact or conservative estimates of surplus changes under standard assumptions that are commonly used in the valuation literature. We assess the accuracy of this approximation in the context of several prior studies of environmental quality changes, and we also use this framework to generate illustrative climate impacts for outdoor recreation using nationally representative time-use data. More... »

PAGES

179-213

References to SciGraph publications

  • 2003-03. Valuing the Benefits of Coastal Water Quality Improvements Using Contingent and Real Behaviour in ENVIRONMENTAL AND RESOURCE ECONOMICS
  • 2018-01-08. Using structural restrictions to achieve theoretical consistency in benefit transfers in ENVIRONMENTAL AND RESOURCE ECONOMICS
  • 2018-02-26. A Nonparametric Revealed Preference Approach to Measuring the Value of Environmental Quality in ENVIRONMENTAL AND RESOURCE ECONOMICS
  • 2015-10-21. Global non-linear effect of temperature on economic production in NATURE
  • 2020-04-22. Climate Change and Recreation: Evidence from North American Cycling in ENVIRONMENTAL AND RESOURCE ECONOMICS
  • 1996-03. Augmenting travel cost models with contingent behavior data in ENVIRONMENTAL AND RESOURCE ECONOMICS
  • 2015-06-03. Introduction to Benefit Transfer Methods in BENEFIT TRANSFER OF ENVIRONMENTAL AND RESOURCE VALUES
  • Identifiers

    URI

    http://scigraph.springernature.com/pub.10.1007/s10640-021-00624-3

    DOI

    http://dx.doi.org/10.1007/s10640-021-00624-3

    DIMENSIONS

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