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Measuring the Location Value of a Recreation Site

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

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.

Suggested Citation

  • Taylor, R. Garth & McKean, John R. & Johnson, Donn M., 2010. "Measuring the Location Value of a Recreation Site," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 35(1), pages 1-18.
    • Handle: RePEc:ags:jlaare:61063
    DOI: 10.22004/ag.econ.61063
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    References listed on IDEAS

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    1. Weiler, Stephan, 2006. "A park by any other name: National Park designation as a natural experiment in signaling," Journal of Urban Economics, Elsevier, vol. 60(1), pages 96-106, July.
    2. K. E. McConnell, 1999. "Household Labor Market Choices and the Demand for Recreation," Land Economics, University of Wisconsin Press, vol. 75(3), pages 466-477.
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    2. Tait, Peter R. & Baskaran, Ramesh, 2011. "Incorporating Local Water Quality in Welfare Measures of Agri-environmental Policy: A Choice Modelling Approach Employing GIS," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 116074, European Association of Agricultural Economists.
    3. Tadahiro Okuyama, 2023. "A simultaneous valuation model on positive and negative tourism benefits under suppressed consumption," Tourism Economics, , vol. 29(5), pages 1391-1404, August.
    4. Tait, Peter & Baskaran, Ramesh & Cullen, Ross & Bicknell, Kathryn, 2012. "Nonmarket valuation of water quality: Addressing spatially heterogeneous preferences using GIS and a random parameter logit model," Ecological Economics, Elsevier, vol. 75(C), pages 15-21.

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