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Measuring the Location Value of a Recreation Site

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  • Taylor, R. Garth
  • McKean, John R.
  • Johnson, Donn M.

Abstract

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.

Suggested Citation

  • Taylor, R. Garth & McKean, John R. & Johnson, Donn M., 2010. "Measuring the Location Value of a Recreation Site," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 35(1), pages 1-18.
  • Handle: RePEc:ags:jlaare:61063
    DOI: 10.22004/ag.econ.61063
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    File URL: https://ageconsearch.umn.edu/record/61063/files/JARE_Apr2010__06_pp87-104.pdf
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    References listed on IDEAS

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    1. Weiler, Stephan, 2006. "A park by any other name: National Park designation as a natural experiment in signaling," Journal of Urban Economics, Elsevier, vol. 60(1), pages 96-106, July.
    2. 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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    1. Jae Kim & Seung-Nam Kim & Soogwan Doh, 2015. "The distance decay of willingness to pay and the spatial distribution of benefits and costs for the ecological restoration of an urban branch stream in Ulsan, South Korea," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 54(3), pages 835-853, May.
    2. Tait, Peter R. & Baskaran, Ramesh, 2011. "Incorporating Local Water Quality in Welfare Measures of Agri-environmental Policy: A Choice Modelling Approach Employing GIS," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 116074, European Association of Agricultural Economists.
    3. Tait, Peter & Baskaran, Ramesh & Cullen, Ross & Bicknell, Kathryn, 2012. "Nonmarket valuation of water quality: Addressing spatially heterogeneous preferences using GIS and a random parameter logit model," Ecological Economics, Elsevier, vol. 75(C), pages 15-21.

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