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Measuring the Location Value of a Recreation Site

  • Taylor, R. Garth
  • McKean, John R.
  • Johnson, Donn M.
Registered author(s):

    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.

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    File URL: http://purl.umn.edu/61063
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    Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

    Volume (Year): 35 (2010)
    Issue (Month): 1 (April)
    Pages:

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    Handle: RePEc:ags:jlaare:61063
    Contact details of provider: Web page: http://waeaonline.org/
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    1. K. E. McConnell, 1999. "Household Labor Market Choices and the Demand for Recreation," Land Economics, University of Wisconsin Press, vol. 75(3), pages 466-477.
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