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The recreational value of Lake McKenzie: An application of the travel cost method

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  • Fleming, Christopher M.
  • Cook, Averil

Abstract

Lake McKenzie is one of the most highly used and popular visitor destinations of all Fraser Island's natural sites, attracting 2,000 visitors a day in peak periods. Many consider this level of visitation to be unsustainable and the management authority is considering a range of management options. In assessing the alternatives it is useful to have some idea of the recreational value of the Lake under the current regime. This paper estimates this value using the travel cost method. Once adjustments for multiple-site visitors are made, the method yields recreational values of the Lake ranging from $13.7 M. to $31.8 M per annum, or from $104.30 to $242.84 per-person per-visit.

Suggested Citation

  • Fleming, Christopher M. & Cook, Averil, 2007. "The recreational value of Lake McKenzie: An application of the travel cost method," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10382, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare07:10382
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    File URL: http://purl.umn.edu/10382
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    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 218 – Valuing environmental intangibles, part 1: The options
      by David Pannell in Pannell Discussions on 2012-06-26 17:07:12

    Citations

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    Cited by:

    1. Ezzy, Edward & Scarborough, Helen, 2011. "Estimation of the Recreational Use Value Gained from Recreational Fishing of Southern Bluefin Tuna at Portland, Australia," 2011 Conference (55th), February 8-11, 2011, Melbourne, Australia 100546, Australian Agricultural and Resource Economics Society.
    2. Marina Farr & Natalie Stoeckl & Rabiul Alam Beg, 2011. "The efficiency of the Environmental Management Charge in the Cairns management area of the Great Barrier Reef Marine Park," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 55(3), pages 322-341, July.
    3. Anthony Amoah & Peter G. Moffatt, 2017. "Estimating demand for reliable piped-water services in urban Ghana: An application of competing valuation approaches," University of East Anglia School of Economics Working Paper Series 2017-01, School of Economics, University of East Anglia, Norwich, UK..
    4. Uwamariya, Beatrice, 2014. "Assessment of Consumer Awareness and Preferences for Quality Certification and Origin-Labeling in Fruit Salads in Kigali,Rwanda," Research Theses 198512, Collaborative Masters Program in Agricultural and Applied Economics.
    5. Pamela Wicker & John C. Whitehead & Bruce K. Johnson & Daniel S. Mason, 2017. "The effect of sporting success and management failure on attendance demand in the Bundesliga: a revealed and stated preference travel cost approach," Applied Economics, Taylor & Francis Journals, vol. 49(52), pages 5287-5295, November.
    6. Ghermandi, Andrea & Nunes, Paulo A.L.D., 2013. "A global map of coastal recreation values: Results from a spatially explicit meta-analysis," Ecological Economics, Elsevier, vol. 86(C), pages 1-15.
    7. World Bank Group, 2016. "Valuing Water Resources in Turkey," World Bank Other Operational Studies 25291, The World Bank.
    8. Rubén Pérez-Álvarez & Saúl Torres-Ortega & Pedro Díaz-Simal & Raúl Husillos-Rodríguez & Julio Manuel De Luis-Ruiz, 2016. "Economic Valuation of Mining Heritage from a Recreational Approach: Application to the Case of El Soplao Cave in Spain (Geosite UR004)," Sustainability, MDPI, Open Access Journal, vol. 8(2), pages 1-15, February.
    9. Zhang, Fan & Fogarty, James, 2015. "Nonmarket Valuation of Water Sensitive Cities: Current Knowledge and Issues," Working Papers 207694, University of Western Australia, School of Agricultural and Resource Economics.
    10. Alvarez, Sergio & Larkin, Sherry L., 2008. "Valuing Recreational Benefits of a National Park in Andean Colombia," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6732, Southern Agricultural Economics Association.
    11. repec:gam:jsusta:v:8:y:2016:i:2:p:185:d:64187 is not listed on IDEAS
    12. Doshi, Amar & Pascoe, Sean, 2013. "Investigating the effects of sample heterogeneity on the travel cost model for coral diving in Southeast Asia," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152146, Australian Agricultural and Resource Economics Society.

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