SelectedWorks - George Parsons

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Selected Works of George Parsons

E.I du Pont Professor

I am a professor at the University of Delaware specializing in environmental economics especially as it applies to ocean and coastal resources. Most of my work is on non-market valuation and all is in the realm of applied microeconomics. 

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About George Parsons

I am a professor at the University of Delaware specializing in environmental economics especially as it applies to ocean and coastal resources. Most of my work is on non-market valuation and all is in the realm of applied microeconomics. 

Google Scholar ||| UD Home Page  

Present	School of Marine Science and Policy in the College of Earth, Ocean, and Environment, University of Delaware
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Agricultural and Resource Economics and Public Economics

Environmental Economics and Nonmarket Valuation

Robinson Hall
University of Delaware
Newark, DE 19716
(302) 831-6891

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A Recreation Demand Model for Warmwater Fishing in Delaware with Welfare Effects for Improvements in Catch Rates, Species Diversity, and Water Clarity (George R Parsons) Agricultural and Resource Economics Review (2024)

We estimate a recreation demand model for warmwater fishing in Delaware and then use itto measure welfare gains associated with improved fishing quality as measured by catchrate of fish, diversity of species, and clarity of ...

COVID-19 and visitation to Central Park, New York City (Weizhe Weng, Lingxiao Yan, Kevin J. Boyle, et al.) PLoS ONE (2023)

Central Park is an iconic feature of New York City, which was the first and one of the hardesthit cities in the United States by the Coronavirus. State-level stay-at-home order, raisingCOVID-19 cases, as well as ...

Measuring the Value of Water Quality Improvements for Recreation Use on an Urban River in the USA: A Travel Cost Contingent Behavior Approach (Joy Deep Chakrabartty and George Parsons) University of Delaware Working Paper (2023)

We estimate the value of water quality improvements for recreational activities on and near theBrandywine Creek in Delaware. We divide water-based recreational activities into two groups: watercontact and non-water-contact. We then consider the behavioral change ...

The Benefits and Cost of Delaware’s “Put-and-Take” Recreational Trout Fishing Program (Kaveah Delvand and George Parsons) University of Delaware Working Paper (2023)

We estimate the benefits and costs associated with Delaware’s put-and-take trout fishery. We estimate a Random Utility Maximization (RUM) Model of trout fishing and then use the model to simulate the benefits associated with existing ...

Valuing Satelite Data for Harmful Algal Bloom Warning Systems (Stephen Newbold, Sarah Lindley, Shannon E. Albeke, et al.) Resources for the Future Working Paper (2022)

In this study we develop an information valuation framework for harmful algal blooms (HABs), andwe apply the framework to a case study of outdoor recreation in California. We obtained estimatesof the concentration of cyanobacteria from ...

Demand for an Environmental Public Good in the Time of COVID-19: A Statewide Water Quality Referendum (George R Parsons, Laura A Paul and Kent Messer) Journal of Benefit Cost Analysis (2022)

Due to COVID-19, many households faced hardships in the spring of 2020 – unemployment, anuncertain economic future, forced separation, and more. At the same time, the number of people whoparticipated in outdoor recreation in many ...

Private Versus Public Flood Insurance: Evidence on the Size of the National Flood Insurance Subsidy from a Natural Experiment in a Coastal Housing Market (George R Parsons) Manuscript (2022)

The existence of a U.S. subsidy under the National Flood Insurance Program (NFIP) is well-known but its extent has rarely been documented. Whether the federal government should be providing a subsidy is debatable on efficiency, ...

The Effect of Wind Power Projects on Property Values: A Decade (2011-2021) of Hedonic Price Analysis (George Parsons and Martin D Heintzelman) International Review of Environmental and Resource Economics (2022)

This essay is a review of the hedonic price literature examining the effect of wind power projects on property values. It covers 18 core studies done from 2011 to 2021. The studies include applications in ...

Trip Equivalency for Economic Valuation in Recreation Demand Models: Implications for Compensatory Restoration and Benefits Transfer (Doug MacNair, George R Parsons, Ted Tomasi, et al.) 37 (1) (2022)

This paper demonstrates that the number of trips a person takes to a recreation site can be treated as a utility index of value if one accepts a linear-in-income Random Utility Model (the “workhorse” of ...

A Site-Portfolio Model for Multiple-Destination Recreation Trips: Valuing Trips to National Parks in the Southwestern USA (George R Parsons, Christopher G Leggett, Jean Herriges, et al.) Journal of the Association of Environmental and Resource Economists (2021)

We propose a new method for analyzing multiple-destination recreation trips and apply it to visitation at national parks in the southwestern United States. We use conventional random utility theory and treat groups of parks (portfolios) ...

Anchoring on Visual Cues in a Stated Preference Survey: The Case of Siting Offshore Wind Power Projects (George R Parsons and Lingxiao Yan) Journal of Choice Modelling (2021)

We consider anchoring on visual cues in a contingent-behavior study of the effects of offshorewind power projects on beach use on the East Coast of the United States. In an internet-basedsurvey of beachgoers, we show ...

The Effect of Offshore Wind Power Projects on Recreational Beach Use: A Contingent-Behavior Study on the East Coast of the United States (George R Parsons, Jeremy Firestone, Lingxiao Yan, et al.) Energy Policy (2020)

We use contingent behavior data from a stated preference survey to estimate trip loss to beaches on the East Coast of the United States due the presence of offshore wind power projects. We also use ...

Atlantic Offshore Wind Energy Development: Values and Implications for Recreation and Tourism (George R Parsons and Jeremy Firestone) (2018)

Modeling the Economic Value of Blue Carbon in Delaware Estuary Wetlands: Historic Estimates and Future Projections (Edward Carr, Yosef Shirazi, George R Parsons, et al.) Journal of Environmental Management (2018)

Tourist Viewshed Externalities and Wind Energy Production (Jacob Fooks, Kent Messer, Joshua M Duke, et al.) Agricultural and Resource Economics Review (2017)

Continuous Attribute Values in a Simulation Environment: Offshore Energy Production and Mid-Atlantic Beach Visitation (Jacob Fooks, Kent Messer, Joshua M Duke, et al.) Energy Policy (2017)

Inadequate Response to Frequency of Payments in Contingent Valuation of Environmental Goods (Kelley A Myers, George Parsons and Kenneth Train) Contingent Valuation of Environmental Goods (2017)

Travel Cost Models (George R Parsons) A Primer on NonMarket Valuation (2017)

Fat Tails and Truncated Bids in Contingent Valuation: An Application to An Endangered Shorebird Species (George R Parsons and Kelley H Myers) Ecological Economics (2016)

A yes-response function in a contingent valuation study is said to have fat tails if it has a high and slowly declining yes-response rate at high bid levels. Truncated bids refer to the practice of ...

Benefit Transfer Combining Revealed and Stated Preference Data: Nourishment and Retreat Options for Delaware Bay Beaches (Robert J Johnston, Mahesh Ramachadran and George R Parsons) In Benefit Transfer of Environmental and Resource Values: A Handbook for Researchers and Practitioners (ed. R. Johnston) (2015)

Abstract appears in attached article

Is there a near term market for v2g electric vehicles? (George R Parsons and Michael K Hidrue) Applied Energy (2015)

Using a large contingent behavior survey, we assessed the potential market for vehicle-to-grid electric vehicles (V2G-EVs) in the near future. The proposed V2G-EV is a prototype vehicle used by the University of Delaware for demonstration ...

Willingness to Pay for Vehicle to Grid (V2G) Electric Vehicles and Their Contact Terms (George R Parsons, Michael K Hidrue, Willett Kempton, et al.) Energy Economics (2014)

Vehicle-to-grid (V2G) electric vehicles can return power stored in their batteries back to the power grid and be programmed to do so at times when the grid needs reserve power. Since providing this service can ...

Non-Market Valuation (George R Parsons) Environmental and Natural Resource Economics: An Encyclopedia (2014)

Travel Cost Methods (George R Parsons) In the Encyclopedia of Energy, Natural Resource, and Environmental Economics (ed. J. Shogren) (2013)

Valuing Beach Width for Recreational Use Combining Revealed and Stated Preference Data (George R Parsons, Michael K Hidrue, Zhe Chen, et al.) Marine Resource Economics (2013)

In this paper we present a travel cost model combining revealed and stated preference data on beach use in Delaware and use it to value changes in beach width. We use an in-person on-site survey ...