Regional Economic Contribution and Net Economic Values of Opening Access to Three Colorado Fourteeners

Catherine M. Keske and John B. Loomis

Tourism Economics, 2008, vol. 14, issue 2, 249-262

Abstract: Climbing ‘Fourteeners’, peaks whose summits rise above 14,000 feet, is a popular recreational activity in Colorado. Access to these popular peaks has been jeopardized by liability issues on privately owned peaks and by overuse on publicly owned peaks. To date, there has been little analysis on the economic benefits provided by Fourteeners. This study finds that opening access to three closed peaks presents an infusion into local and state economies of 25 and 45 jobs, respectively. Access to the peaks is worth US$167 per person each trip; a relatively high value in the context of the recreation economics literature.

Keywords: contingent valuation; input–output models; peak bagging; regional economics; Colorado (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:14:y:2008:i:2:p:249-262

DOI: 10.5367/000000008784460373

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