The Valuation of Forest Characteristics

Nick Hanley and Robin Ruffell

No 275223, Queen's Institute for Economic Research Discussion Papers from Queen's University - Department of Economics

Abstract: Most work on valuing the recreational benefits of public forests has concentrated on arriving at consumers surplus per visit figures, using either the travel cost method, or contingent valuation. We use both methods to try and explain the variation in consumers surplus across different forest types, by placing values on the physical characteristics of individual forests. These characteristics are also used to explain total visits to a given forest. Both maximum likelihood and ordinary least squares estimates are presented.

Keywords: Consumer/Household Economics; Financial Economics (search for similar items in EconPapers)
Pages: 54
Date: 1992-03
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: The Valuation of Forest characteristics (1992)
Working Paper: The Valuation of Forest Characteristics (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:queddp:275223

DOI: 10.22004/ag.econ.275223

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