The Role Of Expectations And Heterogeneous Preferences For Congestion In The Valuation Of Recreation Benefits
Studies of recreation congestion generally utilize nonmarket valuation techniques to determine the use level and entrance price that maximize aggregate recreation benefits for a specific recreation area. This paper improves upon these previous studies by relaxing the assumption of homogeneous preferences among visitors of the same recreation area and accounting for visitor expectations of congestion. The results indicate that failing to account for heterogeneous preferences for congestion by time of visit leads to overestimates of the benefits of relieving peak-time congestion, while accounting for expectations raises questions about the validity of the standard optimal use model.
Volume (Year): 26 (1997)
Issue (Month): 2 (October)
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- Kerry Smith, V., 1981. "Congestion, travel cost recreational demand models, and benefit evaluation," Journal of Environmental Economics and Management, Elsevier, vol. 8(1), pages 92-96, March.
- Cameron, Trudy Ann, 1988. "A new paradigm for valuing non-market goods using referendum data: Maximum likelihood estimation by censored logistic regression," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 355-379, September.
- McConnell, K. E., 1988. "Heterogeneous preferences for congestion," Journal of Environmental Economics and Management, Elsevier, vol. 15(3), pages 251-258, September.
- Fredric C. Menz & John K. Mullen, 1981. "Expected Encounters and Willingness to Pay for Outdoor Recreation," Land Economics, University of Wisconsin Press, vol. 57(1), pages 33-40.
- Kenneth E. McConnell, 1977. "Congestion and Willingness to Pay: A Study of Beach Use," Land Economics, University of Wisconsin Press, vol. 53(2), pages 185-195.
- Walsh, Richard G. & Gilliam, Lynde O., 1982. "Benefits Of Wilderness Expansion With Excess Demand For Indian Peaks," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(01), July.
- W. Michael Hanemann, 1984. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Responses," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 332-341.
- Freeman, A. III & Haveman, Robert M., 1977. "Congestion, quality deterioration, and heterogeneous tastes," Journal of Public Economics, Elsevier, vol. 8(2), pages 225-232, October.
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