The most common method of estimating the economic demand for and value of recreational resources is the Hotelling-Clawson approach. This methodology developed as an empirical technique and was never adequately founded upon a conceptual analysis of the decision to recreate. In response to this lack of a theoretical foundation alternative...
The travel cost method of deriving demand and value of recreation
does not include fixed costs of recreational durable goods purchases
or allow for supply restrictions on the number of suitable
sites available. The omission of these two real-world situations
results in derivation of demand curves which are more inelastic...
Resource managers and decisionmakers must often decide how to allocate and manage conflicting uses of scarce natural resources. In many cases, one use of a natural resource precludes alternative uses of the same resource. In order to make informed decisions regarding the allocation and management of such scarce natural resources,...
Objective of this study was to compare accuracy of
several travel cost methods, by employing Monte Carlo
simulations in the single site framework. Estimates from
five methods were compared to the "true" travel cost
coefficient and "true" consumer surplus. Each method was
ranked, using the root mean squared error (RMSE)...
As recreation and tourism visitation increases and government budgets decrease, public
land management agencies are using private commercial operators as an alternative
source of offering products and services. Changes and trends in commercial outdoor
recreation and tourism such as a large scale increase in the number of visitors can affect...
While there are many people who feel it is impossible to place a monetary value on a recreation resource, economists argue that not only is it possible to do so but also necessary because so many recreation sites are publicly provided. There have been various methods used to value non-market...
Although the limitations of consumer surplus have become widely known, there exists a lack of studies which
present in a coherent framework recent developments in estimating Hicksian welfare measures. This study attempts to fill partially this gap by analyzing some theoretical and empirical aspects in the estimation of exact welfare...
An outbreak of the Douglas-fir tussock moth caused severe defoliation
in northeastern Oregon during the period from 1972 to 1974.
Aerial application of DOT was used to control the outbreak in 1974.
Much of the infected area has been logged to salvage the dead and
damaged timber.
The purpose of...