Valuation of trips to second homes: do environmental attributes matter?

Anni Huhtala and Tuija Lankia

Journal of Environmental Planning and Management, 2012, vol. 55, issue 6, 733-752

Abstract: We use Finnish data to estimate the extent of the recreation benefits obtained from visits to second homes. Special emphasis is placed on how environmental attributes of second homes influence the recreation value of visits. The impacts are valued using the travel cost method. We estimate the recreation value to be about approximately €170-- 205 per trip. The aggregate non-market benefits of the use of the current summer home stock are considerable -- approximately €500 million per annum. The presence of algae that prevent aquatic recreation decreases the value per trip by 40%, and the lack of a beach reduces it by 45%; electrification increases the value by 3--5%. These impacts should be balanced against the social costs of second homes when designing environmental policies on leisure-time housing.

Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://hdl.handle.net/10.1080/09640568.2011.626523 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jenpmg:v:55:y:2012:i:6:p:733-752

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/CJEP20

DOI: 10.1080/09640568.2011.626523

Access Statistics for this article

Journal of Environmental Planning and Management is currently edited by Dr Neil Powe, Dr Ken Willis and George Bill Page

More articles in Journal of Environmental Planning and Management from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().