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The recreational value of Lake McKenzie: An application of the travel cost method

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  • Fleming, Christopher M.
  • Cook, Averil

Abstract

Lake McKenzie is one of the most highly used and popular visitor destinations of all Fraser Island�'s natural sites, attracting 2,000 visitors a day in peak periods. Many consider this level of visitation to be unsustainable and the management authority is considering a range of management options. In assessing the alternatives it is useful to have some idea of the recreational value of the Lake under the current regime. This paper estimates this value using the travel cost method. Once adjustments for multiple-site visitors are made, the method yields recreational values of the Lake ranging from $13.7 M. to $31.8 M per annum, or from $104.30 to $242.84 per-person per-visit.

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Bibliographic Info

Paper provided by Australian Agricultural and Resource Economics Society in its series 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand with number 10382.

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Date of creation: 2007
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Handle: RePEc:ags:aare07:10382

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Related research

Keywords: Lake McKenzie; travel cost method; recreation; Fraser Island; Resource /Energy Economics and Policy;

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  1. 218 – Valuing environmental intangibles, part 1: The options
    by David Pannell in Pannell Discussions on 2012-06-26 12:07:12
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Cited by:
  1. Alvarez, Sergio & Larkin, Sherry L., 2008. "Valuing Recreational Benefits of a National Park in Andean Colombia," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6732, Southern Agricultural Economics Association.
  2. Ghermandi, Andrea & Nunes, Paulo A.L.D., 2013. "A global map of coastal recreation values: Results from a spatially explicit meta-analysis," Ecological Economics, Elsevier, vol. 86(C), pages 1-15.
  3. Ezzy, Edward & Scarborough, Helen, 2011. "Estimation of the Recreational Use Value Gained from Recreational Fishing of Southern Bluefin Tuna at Portland, Australia," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100546, Australian Agricultural and Resource Economics Society.

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