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Comparing the Economic Value of Mountain Biking Estimated Using Revealed and Stated Preference

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  • Peter Fix
  • John Loomis

Abstract

This research compares non-market valuation techniques by applying a count data travel cost method (TCM) and dichotomous choice contingent valuation method (CVM) to a form of recreation for which it has not been previously applied: mountain biking. Due to mountain biking's increasing popularity these estimates of benefits may be useful in addressing conflicts. One of the most famous mountain biking sites in the US (Moab, Utah) was chosen as the site for which to apply these two models. The benefits that were estimated for trips taken in the spring of 1996 are US$205 and US$235,for the TCM and CVM, respectively.These values are not statistically different using conventional significant levels.

Suggested Citation

  • Peter Fix & John Loomis, 1998. "Comparing the Economic Value of Mountain Biking Estimated Using Revealed and Stated Preference," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 41(2), pages 227-236.
  • Handle: RePEc:taf:jenpmg:v:41:y:1998:i:2:p:227-236
    DOI: 10.1080/09640569811731
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    Cited by:

    1. Chin-Huang Huang & Chiung-Hsia Wang, 2015. "Estimating the Total Economic Value of Cultivated Flower Land in Taiwan," Sustainability, MDPI, Open Access Journal, vol. 7(4), pages 1-19, April.
    2. Luís Cruz & Paula Simões & Eduardo Barata, 2014. "Combining Observed and Contingent Travel Behaviour: The Best of Both Worlds?," Notas Económicas, Faculty of Economics, University of Coimbra, issue 40, pages 7-25, December.
    3. Dhakal, Bhubaneswor & Yao, Richard T. & Turner, James A. & Barnard, Tim, 2012. "Recreational users' willingness to pay and preferences for changes in planted forest features," Forest Policy and Economics, Elsevier, vol. 17(C), pages 34-44.
    4. Mwebaze, Paul & Bennett, Jeff, 2012. "Valuing Australian botanic collections: a combined travel-cost and contingent valuation study," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(4), pages 1-23, December.
    5. Ruiz, Tomás & Bernabé, José C., 2014. "Measuring factors influencing valuation of nonmotorized improvement measures," Transportation Research Part A: Policy and Practice, Elsevier, vol. 67(C), pages 195-211.
    6. Ojea, Elena & Loureiro, Maria L., 2011. "Identifying the scope effect on a meta-analysis of biodiversity valuation studies," Resource and Energy Economics, Elsevier, vol. 33(3), pages 706-724, September.
    7. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2005. "Recreation Demand Analysis under Truncation, Overdispersion, and Endogenous Stratification: An Application to Gros Morne National Park," Econometrics 0511007, University Library of Munich, Germany.

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