IDEAS home Printed from https://ideas.repec.org/a/taf/jenpmg/v55y2012i6p733-752.html
   My bibliography  Save this article

Valuation of trips to second homes: do environmental attributes matter?

Author

Listed:
  • Anni Huhtala
  • Tuija Lankia

Abstract

We use Finnish data to estimate the extent of the recreation benefits obtained from visits to second homes. Special emphasis is placed on how environmental attributes of second homes influence the recreation value of visits. The impacts are valued using the travel cost method. We estimate the recreation value to be about approximately €170-- 205 per trip. The aggregate non-market benefits of the use of the current summer home stock are considerable -- approximately €500 million per annum. The presence of algae that prevent aquatic recreation decreases the value per trip by 40%, and the lack of a beach reduces it by 45%; electrification increases the value by 3--5%. These impacts should be balanced against the social costs of second homes when designing environmental policies on leisure-time housing.

Suggested Citation

  • Anni Huhtala & Tuija Lankia, 2012. "Valuation of trips to second homes: do environmental attributes matter?," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 55(6), pages 733-752, September.
    • Handle: RePEc:taf:jenpmg:v:55:y:2012:i:6:p:733-752
    DOI: 10.1080/09640568.2011.626523
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09640568.2011.626523
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09640568.2011.626523?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Timothy C. Haab & Kenneth E. McConnell, 2002. "Valuing Environmental and Natural Resources," Books, Edward Elgar Publishing, number 2427.
    2. Frank A. Ward & Diana Beal, 2000. "Valuing Nature with Travel Cost Models," Books, Edward Elgar Publishing, number 1768.
    3. Ojumu, Oluwagbemiga & Hite, Diane & Fields, Deacue, 2009. "Estimating Demand For Recreational Fishing In Alabama Using Travel Cost Model," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46858, Southern Agricultural Economics Association.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mikołaj Czajkowski & Marek Giergiczny & Jakub Kronenberg & Jeffrey Englin, 2019. "The Individual Travel Cost Method with Consumer-Specific Values of Travel Time Savings," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(3), pages 961-984, November.
    2. Janne Artell & Anni Huhtala, 2017. "What Are the Benefits of the Water Framework Directive? Lessons Learned for Policy Design from Preference Revelation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(4), pages 847-873, December.
    3. Kati Pitkänen & Jenni Lehtimäki & Riikka Puhakka, 2020. "How do Rural Second Homes Affect Human Health and Well-being? Review of Potential Impacts," IJERPH, MDPI, vol. 17(18), pages 1-16, September.
    4. Aleksandra Wiśniewska & Wiktor Budziński & Mikołaj Czajkowski, 2018. "Publicly funded cultural institutions – a comparative economic valuation study," Working Papers 2018-22, Faculty of Economic Sciences, University of Warsaw.
    5. Mikołaj Czajkowski & Wiktor Budziński & Marianne Zandersen & Wojciech Zawadzki & Uzma Aslam & Ioannis Angelidis & Katarzyna Zagórska, 2024. "The Recreational Value of the Baltic Sea Coast: A Spatially Explicit Site Choice Model Accounting for Environmental Conditions," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(1), pages 135-166, January.
    6. Aleksandra Wiśniewska & Wiktor Budziński & Mikołaj Czajkowski, 2020. "An economic valuation of access to cultural institutions: museums, theatres, and cinemas," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 44(4), pages 563-587, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lankia, Tuija & Huhtala, Anni, 2011. "Valuation of Trips to Second Homes in the Country: Do Environmental Attributes Matter?," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114405, European Association of Agricultural Economists.
    2. Gürlük, Serkan & Ward, Frank A., 2009. "Integrated basin management: Water and food policy options for Turkey," Ecological Economics, Elsevier, vol. 68(10), pages 2666-2678, August.
    3. Jegnie, Alemken & Hailu, Atakelty & Burton, Michael P., 2017. "Boat-based and other recreational fishing in Western Australia: Analysis of site choice, access values and bag limit effects," Working Papers 257167, University of Western Australia, School of Agricultural and Resource Economics.
    4. Saúl Torres-Ortega & Rubén Pérez-Álvarez & Pedro Díaz-Simal & Julio Manuel De Luis-Ruiz & Felipe Piña-García, 2018. "Economic Valuation of Cultural Heritage: Application of Travel Cost Method to the National Museum and Research Center of Altamira," Sustainability, MDPI, vol. 10(7), pages 1-13, July.
    5. Isabel Mendes & Isabel Proença, 2009. "Measuring the Social Recreation Per-Day Net Benefit of Wildlife Amenities of a National Park: A Count-Data Travel Cost Approach," Working Papers Department of Economics 2009/35, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    6. Richard C. Bishop & Kevin J. Boyle, 2019. "Reliability and Validity in Nonmarket Valuation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(2), pages 559-582, February.
    7. John Cullinan & Stephen Hynes & Cathal O’Donoghue, 2008. "Aggregating Consumer Surplus Values in Travel Cost Modelling Using Spatial Microsimulation and GIS Techniques," Working Papers 0807, Rural Economy and Development Programme,Teagasc.
    8. Rolfe, John & Dyack, Brenda, 2010. "Testing for convergent validity between travel cost and contingent valuation estimates of recreation values in the Coorong, Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(4), pages 1-17.
    9. Rolfe, John & Prayaga, Prabha, 2007. "Estimating values for recreational fishing at freshwater dams in Queensland," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(2), pages 1-18.
    10. Voltaire, Louinord & Koutchade, Obafèmi Philippe, 2020. "Public acceptance of and heterogeneity in behavioral beach trip responses to offshore wind farm development in Catalonia (Spain)," Resource and Energy Economics, Elsevier, vol. 60(C).
    11. Diona, Dan Leo Z. & Garcia, Yolanda T. & Bello, Amelia L., 2016. "Optimizing the Welfare Benefits from Ecotourism: The Case of Calatagan Mangrove Forest Conservation Park," Journal of Economics, Management & Agricultural Development, Journal of Economics, Management & Agricultural Development (JEMAD), vol. 2(1), June.
    12. Rolfe, John & Prayaga, Prabha, 2006. "Estimating Values for Recreational Fishing at Freshwater Dams in Queensland," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139896, Australian Agricultural and Resource Economics Society.
    13. Jan MELICHAR, 2010. "Assessment of the Recreation Value of Public Programs in the Jizerske Hory Mountains Using a Contingent Behaviour Model," Regional and Urban Modeling 284100028, EcoMod.
    14. Pascoe, Sean & Doshi, Amar & Thébaud, Olivier & Thomas, Colette R. & Schuttenberg, Heidi Z. & Heron, Scott F. & Setiasih, Naneng & Tan, James C.H. & True, James & Wallmo, Kristy & Loper, Christy & Cal, 2014. "Estimating the potential impact of entry fees for marine parks on dive tourism in South East Asia," Marine Policy, Elsevier, vol. 47(C), pages 147-152.
    15. King, Steven & Fraser, Iain, 2013. "Divestment of the English Forestry Estate: An economically sound choice?," Ecological Economics, Elsevier, vol. 88(C), pages 25-31.
    16. Anton Nahman & Dan Rigby, 2008. "Valuing Blue Flag Status And Estuarine Water Quality In Margate, South Africa1," South African Journal of Economics, Economic Society of South Africa, vol. 76(4), pages 721-737, December.
    17. Khuda Bakhsh & Iqra Meshaal & Hudda Riaz, 2020. "Evaluating visitors’ travel demand and recreational values in Kallar Kahar Lake, Pakistan," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 22(8), pages 7951-7967, December.
    18. Hynes, Stephen & Gaeven Rainey, & O’Reilly, Paul, 2016. "Estimating the demand for Sea Angling in Irish Waters using on-site travel cost models," Working Papers 262595, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    19. Zachary Darby & Neelam Chandra Poudyal & Adam Frakes & Omkar Joshi, 2021. "Economic Analysis of Recreation Access at a Lake Facing Water Crisis due to Municipal Water Demand," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 35(9), pages 2909-2920, July.
    20. Prayaga, Prabha, 2017. "Estimating the value of beach recreation for locals in the Great Barrier Reef Marine Park, Australia," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 9-18.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jenpmg:v:55:y:2012:i:6:p:733-752. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CJEP20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.