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Travel Cost Recreation Demand Methods

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Travel Cost Recreation Demand Methods

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Author : Vincent Kerry Smith
language : en
Publisher:
Release Date : 1988

Travel Cost Recreation Demand Methods written by Vincent Kerry Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Outdoor recreation categories.

A Comparison Of The Travel Cost And Contingent Valuation Methods Of Recreation Valuation At Cullaby Lake County Park

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Author : Nancy E. Smith
language : en
Publisher:
Release Date : 1980

A Comparison Of The Travel Cost And Contingent Valuation Methods Of Recreation Valuation At Cullaby Lake County Park written by Nancy E. Smith and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Recreation areas categories.

While there are many people who feel it is impossible to place a monetary value on a recreation resource, economists argue that not only is it possible to do so but also necessary because so many recreation sites are publicly provided. There have been various methods used to value non-market goods such as a recreation resource, but the methods being used today are still in a changing process. The objective of this thesis is to use and compare two of the most popular means of valuing a recreation site. The two methods are the contingent valuation method (direct questioning of willingness to pay) and the travel cost method. The site to be valued is Cullaby Lake County Park near Astoria, Oregon. Contingent valuation attempts to discover people's willingness to pay for use of the recreation site by "selling" annual passes for use of the site. Through summation of all individual's willingness to pay, a value for the recreation site is calculated. The travel cost method estimates a demand curve by asking users about their travel expenditures and assuming that people would react to an on-site price increase in the same manner as they would to an increase in travel expenditures. The demand curve estimated in this thesis divides users into distance zones and uses zone averages for all the variables. The dependent variable is visits per thousand population for each zone. The independent variables are travel costs (as a price proxy), income, and one-way distance traveled to the site (to represent travel time). The estimate of site value is derived through integration of the consumers' surplus area underneath the demand curve and above the price line. Value estimates derived by the two models show a wide divergence. The travel cost estimate is seven times larger than the contingent valuation estimate. Part of the reason for this discrepancy lies in the fact that the methods were estimating values for two different goods. A benefit estimate of a watershed development project on Cullaby Lake was desired. The contingent valuation method is flexible enough to allow estimation of the benefits attributable to only the improvements made on a natural lake. However, the travel cost model does not have this flexibility and will give a value for the lake as well as for the project improvements. While this thesis does not prove that one method is superior to the other, it may be an important contribution to the literature. Which model (if either) should be chosen to estimate recreation benefits may depend on exactly what it is that one is attempting to value.

Simulated Markets Hypothetical Markets And Travel Cost Analysis

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Author : Richard C. Bishop
language : en
Publisher:
Release Date : 1980

Simulated Markets Hypothetical Markets And Travel Cost Analysis written by Richard C. Bishop and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Demand (Economic theory) categories.

A Primer On Nonmarket Valuation

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Author : Patricia A. Champ
language : en
Publisher: Springer
Release Date : 2017-02-08

A Primer On Nonmarket Valuation written by Patricia A. Champ and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-08 with Business & Economics categories.

This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values. The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.

Recreation Benefits Measured By Travel Cost Method For The Mcclellan Kerr Arkansas River Navigation System And Application To Other Selected Corps Lakes

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Author :
language : en
Publisher:
Release Date : 1985

Recreation Benefits Measured By Travel Cost Method For The Mcclellan Kerr Arkansas River Navigation System And Application To Other Selected Corps Lakes written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Outdoor recreation categories.

Valuing Nature With Travel Cost Models

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Author : Frank A. Ward
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000

Valuing Nature With Travel Cost Models written by Frank A. Ward and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.

This manual offers comprehensive information on how to set up a successful travel-cost model, complete it, and interpret results for policy or resource pricing. It covers all aspects of travel-cost models, from economic theory to sampling design and statistical analysis.

A Travel Cost Estimation Of Consumer Surplus In Recreational Visits

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Author : Daisy Konwar
language : en
Publisher:
Release Date : 2022

A Travel Cost Estimation Of Consumer Surplus In Recreational Visits written by Daisy Konwar and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.

Recreational services are demanded because they generate benefits. The recreational benefits connected with a destination can be valued based on visitor preferences, which can aid in the formulation of an appropriate Natural Resource Management policy. Environmental and natural resource management studies often attempt to quantify the welfare shift caused by a policy change. In general, welfare is defined as the area under the demand curve; and accordingly, by estimating the demand curve, consumer surplus is obtained, which illustrates the welfare changes connected with an environmental policy change. But unfortunately, conventional markets fail to determine the recreational demand preferences for lack of a proper price mechanism. So the only choice is a non-market method. The Travel Cost Method (TCM) is a well-documented demand-based method in environmental literature for measuring such non-marketed recreational benefits. This study attempts to estimate the consumer surplus, in the recreational demand for the Dibru Saikhowa National Park (DSNP), Assam, with the help of TCM. In the process, it also seeks to answer the question of whether the existing user charges of DSNP reflect the true recreational demand assigned to the park by its visitors. The findings of the study are expected to be useful for different stakeholders associated with the park's conservation in general and its recreational services inparticular, including policymakers.