Travel Cost Method - Robert Mendelsohn

A number of benefits associated with adaptation do not have prices associated with them.  However, there are non-market values that must be taken into account in the CBA.  In this session, Robert will introduce and train everyone on a method that is frequently used to estimate non-market use values—referred to in the literature as the travel cost method.  This valuation method is used frequently to calculate the value of national parks, beaches, ecosystems etc.