Consider now a structural benefits transfer approach for valuing aspects of freshwater recreation. Using the example specification beginning in Eq. (22.1), search for studies that will help you parameterize the function in the context of single-day angling and swimming trips at Lake Mendota in Madison, Wisconsin. Use your model to predict the value of an angling trip, and compare this to your findings from the Recreation Use Values database. Then use your model to predict the benefits of a 25 percent reduction in phosphorus concentrations in the lake.

Eq (22.1)

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x = exp(x+vD+Bp+yy+dq), (22.1)