Measuring the Location Value of a Recreation Site
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.
Volume (Year): 35 (2010)
Issue (Month): 1 (April)
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Stephan Weiler, 2005. "A park by any other name : national park designation as a natural experiment in signaling," Research Working Paper RWP 05-09, Federal Reserve Bank of Kansas City.
- 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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