My highlights from the 19th annual conference of the European Association of Environmental and Resource Economists:

• I was surprised to see how crude estimates of travel costs still are in non-market valuations of recreational sites;
• Also, how few of those studies have done a proper qualitative analysis before they do their quantitative study;
• Linda Nøstbakken had a very nice paper on how a combination of diversified monitoring and self-reporting incentives can greatly enhance monitoring of fisheries legislation;
• Martin Quaas proposed using a “shadow interest rate” as a way of expressing the quality of fisheries management;
• Nick Hanley is a Les Paul man:

And rightly so; Fender people are evil.