Measuring the Location Value of a Recreation Site

Garth Taylor, John R. McKean and Donn M. Johnson

Journal of Agricultural and Resource Economics, 2010, vol. 35, issue 01, 18

Abstract: The demand for sport fishing on the Snake River reservoirs was estimated using the travel cost method. A short-run demand model was specified with location value for anglers who have the option to access a follow-on site if fishing conditions are poor. Willingness to pay for a fishing trip to the site was $18.52 for anglers who did not have a follow-on site and $43.48 for anglers who did. A location value of $24.96 accrued only to anglers with a follow-on site. Total annual site value was understated by as much as 40% ($0.78 million) if location value for anglers with a follow-on site was excluded from the benefit estimate.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:61063

DOI: 10.22004/ag.econ.61063

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