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Visitor Preferences And Values For Water-Based Recreation: A Case Study Of The Ocala National Forest

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  • Shrestha, Ram K.
  • Alavalapati, Janaki R.R.
  • Stein, Taylor V.
  • Carter, Douglas R.
  • Denny, Christine B.

Abstract

We used the open-ended contingent valuation method to elicit willingnes to pay (WTP) for day visitors and extended visitors on the Ocala National Forest (ONF), Florida. A Tobit model specification was applied to account for the issues involved with censored WTP bids. The results reveal that visitors would pay more for improved recreational facilities at the ONF. In particular, our estimates show that visitors would pay $1 million for basic facilities, $1.9 million for moderate improvements, and $2.5 million for more improvements.

Suggested Citation

  • Shrestha, Ram K. & Alavalapati, Janaki R.R. & Stein, Taylor V. & Carter, Douglas R. & Denny, Christine B., 2002. "Visitor Preferences And Values For Water-Based Recreation: A Case Study Of The Ocala National Forest," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 34(3), pages 1-13, December.
    • Handle: RePEc:ags:joaaec:15069
    DOI: 10.22004/ag.econ.15069
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    References listed on IDEAS

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    1. Shrestha, Ram K. & Loomis, John B., 2001. "Testing a meta-analysis model for benefit transfer in international outdoor recreation," Ecological Economics, Elsevier, vol. 39(1), pages 67-83, October.
    2. Hoehn, John P. & Randall, Alan, 1987. "A satisfactory benefit cost indicator from contingent valuation," Journal of Environmental Economics and Management, Elsevier, vol. 14(3), pages 226-247, September.
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    1. Voltaire, Louinord, 2012. "Effet d’une taxe et d’un droit d’entrée sur les consentements à payer des touristes pour de nouvelles réserves naturelles dans le golfe du Morbihan," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 92(02), pages 183-209, October.
    2. Bandara, Ranjith & Tisdell, Clement A., 2003. "Use and non-use values of wild Asian elephants: A total economic valuation approach," Economics, Ecology and Environment Working Papers 48961, University of Queensland, School of Economics.
    3. Ehrlich, Oren & Bi, Xiang & Borisova, Tatiana & Larkin, Sherry, 2017. "A latent class analysis of public attitudes toward water resources with implications for recreational demand," Ecosystem Services, Elsevier, vol. 28(PA), pages 124-132.
    4. Louinord Voltaire & Abdelhak Nassiri & Denis Bailly & Jean Boncoeur, 2011. "Effet d’une taxe et d’un droit d’entrée sur les consentements à payer des touristes pour de nouvelles réserves naturelles dans le golfe du Morbihan," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 92(2), pages 183-209.
    5. De Valck, Jeremy & Vlaeminck, Pieter & Liekens, Inge & Aertsens, Joris & Chen, Wendy & Vranken, Liesbet, 2012. "The sources of preference heterogeneity for nature restoration scenarios," Working Papers 146522, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.
    6. Ranjith Bandara, 2004. "Economic Value of Conservation: The Case of the Asian Elephant," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 5(2), pages 283-300, September.

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