Measuring Use Value From Recreation Participation
Recreation demand studies have traditionally utilized a two-step valuation method, estimating condtional recreation participation probabilities and then intensity of use decisions. These two steps of analysis are combined to estimate the use value of natural resource recreation sites. The purpose of this paper is to provide a method by which use value can be estimated solely from the participation decision. The one-step resource valuation method allows estimation of use values from coefficients of the logistic regression recreation participation equation. The benefits of the method are the reduced data and effort required to value natural resource areas.
Volume (Year): 24 (1992)
Issue (Month): 02 (December)
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- McConnell, Kenneth E., 1985. "The economics of outdoor recreation," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 15, pages 677-722 Elsevier.
- Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
- Deyak, Timothy A. & Smith, V. Kerry, 1978. "Congestion and participation in outdoor recreation: A household production function approach," Journal of Environmental Economics and Management, Elsevier, vol. 5(1), pages 63-80, March.
- Michael J. Hay & Kenneth E. McConnell, 1984. "Harvesting and Nonconsumptive Wildlife Recreation Decisions," Land Economics, University of Wisconsin Press, vol. 60(4), pages 388-396.
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