Linking Recreation Demand and Willingness to Pay with the Inclusive Value: Valuation of Saginaw Bay Coastal Marsh
In this paper we propose an alternative model for linking revealed preference and stated preference models of recreation when a single travel cost measure is difficult to obtain. We show that this model can be used to test convergent validity and offers an alternative scope test that does not rely on split-sample contingent valuation scenarios. Our results are mixed. In three of four models the inclusive value is negatively related to the willingness to donate but unrelated to the willingness to pay. This result suggests that recreation nonusers hold nonuse values while recreation users do not hold nonuse values.
|Date of creation:||2007|
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Web page: http://www.business.appstate.edu/departments/economics/
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