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Measuring the Location Value of a Recreation Site AgEcon
Taylor, R. Garth; McKean, John R.; Johnson, Donn M..
The demand for sport fishing on the Snake River reservoirs was estimated using the travel cost method. A short-run demand model was specified with location value for anglers who have the option to access a follow-on site if fishing conditions are poor. Willingness to pay for a fishing trip to the site was $18.52 for anglers who did not have a follow-on site and $43.48 for anglers who did. A location value of $24.96 accrued only to anglers with a follow-on site. Total annual site value was understated by as much as 40% ($0.78 million) if location value for anglers with a follow-on site was excluded from the benefit estimate.
Tipo: Journal Article Palavras-chave: Contingent behavior; Count data; Endogenous stratification; Follow-on site; Location value; Multiple destination; Option value; Short-run demand; Travel cost method; Resource /Energy Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/61063
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