Disparity between Hunters' Willingness to Pay and Willingness to Accept Compensation: An Empirical Example
AbstractWillingness-to-pay (WTP) and willingness-to-accept (WTA) compensation models were estimated for hunters using a portion of the Clarks Hill wildlife Management Area during 1989-1990. Hunters' WTA values ranged from 2.8 to 8 times more than WTP. Income and wealth effects as well as property rights clearly contributed to this disparity in WTP and WTA compensation for the right to hunt in the wildlife Management Area. Responding hunters spent an average of $750 for hunting related activities or about five percent of their disposable income.
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Bibliographic InfoPaper provided by Clemson University, Department of Agricultural and Applied Economics in its series Working Papers with number 117657.
Date of creation: Feb 1992
Date of revision:
Resource /Energy Economics and Policy;
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