IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v14y2008i2p249-262.html
   My bibliography  Save this article

Regional Economic Contribution and Net Economic Values of Opening Access to Three Colorado Fourteeners

Author

Listed:
  • Catherine M. Keske
  • John B. Loomis

Abstract

Climbing ‘Fourteeners’, peaks whose summits rise above 14,000 feet, is a popular recreational activity in Colorado. Access to these popular peaks has been jeopardized by liability issues on privately owned peaks and by overuse on publicly owned peaks. To date, there has been little analysis on the economic benefits provided by Fourteeners. This study finds that opening access to three closed peaks presents an infusion into local and state economies of 25 and 45 jobs, respectively. Access to the peaks is worth US$167 per person each trip; a relatively high value in the context of the recreation economics literature.

Suggested Citation

  • Catherine M. Keske & John B. Loomis, 2008. "Regional Economic Contribution and Net Economic Values of Opening Access to Three Colorado Fourteeners," Tourism Economics, , vol. 14(2), pages 249-262, June.
    • Handle: RePEc:sae:toueco:v:14:y:2008:i:2:p:249-262
    DOI: 10.5367/000000008784460373
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5367/000000008784460373
    Download Restriction: no
    File URL: https://libkey.io/10.5367/000000008784460373?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bergstrom, John C. & Cordell, H. Ken & Watson, Alan E. & Ashley, Gregory A., 1990. "Economic Impacts of State Parks on State Economies in the South," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 69-77, December.
    2. W. Michael Hanemann, 1989. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Response Data: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 1057-1061.
    3. Nick Hanley & W. Douglass Shaw & Robert E. Wright (ed.), 2003. "The New Economics of Outdoor Recreation," Books, Edward Elgar Publishing, number 2712.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nagler, Amy M. & Bastian, Christopher T. & Taylor, David T. & Foulke, Thomas K., 2013. "Community Economic Contributions from Recreational Trails Usage on Public Lands: Implications from a Comprehensive Wyoming Case Study," Western Economics Forum, Western Agricultural Economics Association, vol. 12(2), pages 1-11.
    2. Luis César Herrero & José ángel Sanz & María Devesa, 2011. "Measuring the Economic Value and Social Viability of a Cultural Festival as a Tourism Prototype," Tourism Economics, , vol. 17(3), pages 639-653, June.
    3. Catherine M. H. Keske & Adam Mayer, 2014. "Visitor Willingness to Pay U.S. Forest Service Recreation Fees in New West Rural Mountain Economies," Economic Development Quarterly, , vol. 28(1), pages 87-100, February.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Catherine M.H. Keske & Greta Lohman & John B. Loomis, 2013. "Do Respondents Report Willingness-to-Pay on a per Person or per Group Basis? A High Mountain Recreation Example," Tourism Economics, , vol. 19(1), pages 133-145, February.
    2. Catherine M. H. Keske & Adam Mayer, 2014. "Visitor Willingness to Pay U.S. Forest Service Recreation Fees in New West Rural Mountain Economies," Economic Development Quarterly, , vol. 28(1), pages 87-100, February.
    3. Cooper, Joseph C., 2002. "Flexible Functional Form Estimation of Willingness to Pay Using Dichotomous Choice Data," Journal of Environmental Economics and Management, Elsevier, vol. 43(2), pages 267-279, March.
    4. Kontoleon Andreas & Yabe Mitsuyasu, 2006. "Market Segmentation Analysis of Preferences for GM Derived Animal Foods in the UK," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 4(1), pages 1-38, December.
    5. Stephen Hynes & Nick Hanley & Cathal O’Donoghue, 2006. "Using Continuous and Finite Mixture Models to Account for Preference Heterogeneity in a group of Outdoor Recreationalists," Working Papers 0602, Rural Economy and Development Programme,Teagasc.
    6. Ivehammar, Pernilla, 2014. "Valuing environmental quality in actual travel time savings – The Haningeleden road project in Stockholm," Research in Transportation Economics, Elsevier, vol. 48(C), pages 349-356.
    7. Stephen Hynes & Nick Hanley & Eoghan Garvey, 2007. "Up the Proverbial Creek without a Paddle: Accounting for Variable Participant Skill Levels in Recreational Demand Modelling," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 36(4), pages 413-426, April.
    8. Yoonae Jo, 2001. "Does college education nourish egoism?," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 4(2), pages 115-128, September.
    9. Tan Li & Qingguo Zhang & Ying Zhang, 2018. "Modelling a Compensation Standard for a Regional Forest Ecosystem: A Case Study in Yanqing District, Beijing, China," IJERPH, MDPI, vol. 15(4), pages 1-20, March.
    10. Kwak, So-Yoon & Yoo, Seung-Hoon, 2015. "The public’s value for developing ocean energy technology in the Republic of Korea: A contingent valuation study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 43(C), pages 432-439.
    11. Siegel, Paul B. & Leuthold, Frank O., 1993. "Economic And Fiscal Impacts Of A Retirement/Recreation Community: A Study Of Tellico Village, Tennessee," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(2), pages 1-14, December.
    12. Ericka Costa & Dario Montemurro & Diego Giuliani, 2019. "Consumers’ willingness to pay for green cars: a discrete choice analysis in Italy," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(5), pages 2425-2442, October.
    13. John C. Whitehead & Alicia Louis Cornicelli & Gregory Howard, 2024. "Total Economic Valuation of Great Lakes Recreational Fisheries: Attribute Non-attendance, Hypothetical Bias and Insensitivity to Scope," Working Papers 24-10, Department of Economics, Appalachian State University.
    14. Loomis, John B. & Ekstrand, Earl, 1997. "Economic Benefits Of Critical Habitat For The Mexican Spotted Owl: A Scope Test Using A Multiple-Bounded Contingent Valuation Survey," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(2), pages 1-11, December.
    15. Devkota, Nirmala & Paudel, Krishna P. & Fannin, James Matthew & Hall, Larry M. & Caffey, Rex H., 2007. "Calibrating Online Survey Sample for Economic Impact Analysis," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34997, Southern Agricultural Economics Association.
    16. Lim, Kyoung-Min & Lim, Seul-Ye & Yoo, Seung-Hoon, 2014. "Estimating the economic value of residential electricity use in the Republic of Korea using contingent valuation," Energy, Elsevier, vol. 64(C), pages 601-606.
    17. Das, Chhandita & Anderson, Christopher M. & Swallow, Stephen K., 2006. "Incentive Compatible Mechanism Design for Discrete Choice Surveys," 2006 Annual meeting, July 23-26, Long Beach, CA 21327, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Yoonae Jo, 2001. "Does college education nourish egoism?," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 4(2), pages 115-128, June.
    19. Mukhopadhaya, Kaushik & Adhikari, Bishwa B. & Mumma, Gerald A. & Teisl, Mario F., 2004. "Consumers' Willingness To Pay For Food Safety: A Pathogen Specific Analysis," 2004 Annual meeting, August 1-4, Denver, CO 20064, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Poe, Gregory L. & Bishop, Richard C., 1992. "Measuring the Benefits of Groundwater Protection from Agricultural Contamination: Results from a Two-Stage Contingent Valuation Study," Staff Papers 200549, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:toueco:v:14:y:2008:i:2:p:249-262. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.