1. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Chapter Cost-Benefit Analysis Concepts and Practice Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer FOURTH EDITION Valuing Impacts from Observed Behavior: Indirect Market Methods Fourteen

2. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 14-1 Demand Curve for Visits to a Municipal Swimming Pool

3. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 14-2 Decision Tree for Airbag Purchase

4. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer

5. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer

6. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 14-3 The Hedonic Price Method

7. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer

8. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer

9. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer

10. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 14-4 “Representative” Individual’s Inverse Demand Curve for Visits to a Recreational Area as a Function of Total Cost per Visit

11. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 14-5 The Market Demand Curve for a Recreational Site Derived Using the Zonal Travel Cost Method

12. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer Figure 14-6 The Effect of an Ordinance Reducing Smog on Expenditures for Window Cleaning

13. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer

14. Copyright ©2011 by Pearson Education, Inc. Upper Saddle River, New Jersey 07458 All rights reserved. Cost-Benefit Analysis: Concepts and Practice, Fourth Edition Boardman Greenberg Vining Weimer EXHIBIT 14-5 (continued)