How Valuable are National Parks? Evidence from a Proposed National Park Expansion in Alaska
We estimate the national average passive use value for Alaskan National Parks. Passive use refers to the value that individuals get from the existence of a public good without actually using it. We field a questionnaire asking respondents, using the contingent valuation method, how much they would pay for a 5% expansion of Denali National Park. We find that respondents are willing to pay $115 to $409 for this expansion, according our preferred specifications. Respondents answers to questions about what motivated their support and questions about their connections to Alaska indicate that support for the expansion is driven by passive use values.
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