Description and Screening of Potential Tools and Methods to Quantify Public Benefits of Water Storage Projects provides guidance on economic methods and models used to quantify the public benefits of water storage projects. The public benefit categories are defined as ecosystem improvements, water quality improvements, flood control benefits, emergency response, and recreational purposes. The report provides guidance on a suite of economic valuation methods including avoided cost or avoided damage, alternative cost, market prices, hedonic pricing and land value, survey-based, and benefit transfer methods.
