Testing for convergent validity between travel cost and contingent valuation estimates of recreation values in the Coorong, Australia *

John Rolfe and Brenda Dyack

Australian Journal of Agricultural and Resource Economics, 2010, vol. 54, issue 4, 583-599

Abstract: , while no single methodological or framing issue could be identified that would reconcile the difference between TCM and CVM values, it appears likely that there may be a combination of factors that drive the systematic variations in consumer surplus values. The evidence in this study suggests that the most important of these are likely to be the different decision points underpinning data collection and the consideration of substitute sites, strategic responses and the treatment of uncertain responses within the CVM. Copyright 2010 The Authors. AJARE 2010 Australian Agricultural and Resource Economics Society Inc. and Blackwell Publishing Asia Pty Ltd.

Date: 2010
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