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Travel Cost Methods For Estimating The Recreational Use Benefits Of Artificial Marine Habitat

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  • Milon, J. Walter

Abstract

The growing popularity of marine recreational fishing has created considerable interest in artificial marine habitat development to maintain and enhance coastal fishery stocks. This paper provides a comparative evaluation of travel cost methods to estimate recreational use benefits for new habitat site planning. Theoretical concerns about price and quality effects of substitute sites, corner solutions in site choice, and econometric estimation are considered. Results from a case study indicate that benefit estimates are influenced by the way these concerns are addressed, but relatively simple single site models can provide defensible estimates. Practical limitations on data collection and model estimation are also considered.

Suggested Citation

  • Milon, J. Walter, 1988. "Travel Cost Methods For Estimating The Recreational Use Benefits Of Artificial Marine Habitat," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(1), pages 1-15, July.
    • Handle: RePEc:ags:sojoae:29712
    DOI: 10.22004/ag.econ.29712
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    Cited by:

    1. Bill PROVENCHER & Richard C. BISHOP, 1995. "Issues In The Development Of An Estimable Dynamic Model Of Recreation Behavior," Staff Papers 387, University of Wisconsin Madison, AAE.
    2. Bill Provencher & Richard C. Bishop, 1995. "An Estimable Dynamic Model of Recreation Behavior," Wisconsin-Madison Agricultural and Applied Economics Staff Papers 387, Wisconsin-Madison Agricultural and Applied Economics Department.
    3. Provencher, Bill & Bishop, Richard C., 1997. "An Estimable Dynamic Model of Recreation Behavior with an Application to Great Lakes Angling," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 107-127, June.

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