IDEAS home Printed from https://ideas.repec.org/a/bla/ajarec/v21y1977i2p97-110.html
   My bibliography  Save this article

The Milford Track: Valuation Estimates Of A Recreation Good

Author

Listed:
  • Alan Woodfield
  • Don Cowie

Abstract

This paper uses observations on visitation rates to estimate Clawson demand functions for a non-priced recreation commodity, namely, the Milford Track located in the Fiordland National Park of New Zealand. Different classes of user with potentially different demand elasticities are identified, and shadow prices consistent with revenue maximization of a discriminating and non-discriminatory monopolist tourist authority are estimated. Alternative maximum revenue and consumers' surplus valuations are presented which correspond to different concepts of measures of willingness to pay for use, including travel costs and the opportunity cost of time.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Alan Woodfield & Don Cowie, 1977. "The Milford Track: Valuation Estimates Of A Recreation Good," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 21(2), pages 97-110, August.
    • Handle: RePEc:bla:ajarec:v:21:y:1977:i:2:p:97-110
    DOI: j.1467-8489.1977.tb00197.x
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1467-8489.1977.tb00197.x
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/j.1467-8489.1977.tb00197.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. Flemming, J S, 1973. "On the Theory of the Valuation and Allocation of Time: Some Comments," Scottish Journal of Political Economy, Scottish Economic Society, vol. 20(1), pages 65-71, February.
    2. Jack L. Knetsch, 1963. "Outdoor Recreation Demands and Benefits," Land Economics, University of Wisconsin Press, vol. 39(4), pages 387-396.
    3. William G. Brown & Farid Nawas, 1973. "Impact of Aggregation on the Estimation of Outdoor Recreation Demand Functions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(2), pages 246-249.
    4. Cichetti, Charles J & Smith, V Kerry, 1973. "Interdependent Consumer Decisions: A Production Function Approach," Australian Economic Papers, Wiley Blackwell, vol. 12(21), pages 239-252, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hannah Kotula, 2022. "Valuing forest ecosystem services in New Zealand," Working Papers 22_11, Motu Economic and Public Policy Research.
    2. Natalie Stoeckl & Trevor Mules, 2006. "A Travel Cost Analysis of the Australian Alps," Tourism Economics, , vol. 12(4), pages 495-518, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Garcia, Cristina, 1982. "Problems With The Treatment Of Time In The Travel Cost Method," Staff Papers 13408, University of Minnesota, Department of Applied Economics.
    2. K. G. Willis & G. D. Garrod, 1991. "An Individual Travel‐Cost Method Of Evaluating Forest Recreation," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(1), pages 33-42, January.
    3. Castle, Emery N. & Kelso, Maurice M. & Stevens, Joe B. & Stoevener, Herbert H., 1981. "PART III. Natural Resource Economics, 1946-75," AAEA Monographs, Agricultural and Applied Economics Association, number 337228, january.
    4. R. M. Pope Jr., 1972. "Evaluation of Recreational Benefits Accruing to Recreators on Federal Water Projects — A Review Article," The American Economist, Sage Publications, vol. 16(2), pages 24-29, October.
    5. Larson, Douglas M. & Johnston, Richard S., 1992. "Are Giffen Goods Really So Rare?," Working Papers 225871, University of California, Davis, Department of Agricultural and Resource Economics.
    6. Serge Garcia & Julien Jacob, 2010. "La valeur récréative de la forêt en France : une approche par les coûts de déplacement," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 91(1), pages 43-71.
    7. Livengood, Kerry R., 1981. "Bias in Recreation Benefit Estimates: Further Evidence," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279406, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Chen, Min & Lupi, Frank, 2009. "Does economic endogeneity of site facilities in recreation demand models lead to statistical endogeneity?," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49449, Agricultural and Applied Economics Association.
    9. Larson, Douglas M. & Johnston, Richard S., 1993. "Predicting Tourist Demand for Beach Days in the Two-Constraint Recreation Demand Model," 1993 Annual Meeting, August 1-4, Orlando, Florida 271401, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Lea Tardieu & Sébastien Roussel & Jean-Michel Salles, 2012. "Recreation demand analysis of natural areas: a revealed-preference approach," Post-Print hal-02746734, HAL.
    11. Farr, Marina & Stoeckl, Natalie, 2018. "Overoptimism and the undervaluation of ecosystem services: A case-study of recreational fishing in Townsville, adjacent to the Great Barrier Reef," Ecosystem Services, Elsevier, vol. 31(PC), pages 433-444.
    12. Tisdell, Clement A. & Wilson, Clevo, 2003. "Economics of Wildlife Tourism," Economics, Ecology and Environment Working Papers 48969, University of Queensland, School of Economics.
    13. Crooker, John R., 2007. "Nonparametric Bounds on Welfare with Measurement Error in Prices: Techniques for Non-Market Resource Valuation," Agricultural and Resource Economics Review, Cambridge University Press, vol. 36(2), pages 239-252, October.
    14. Peter Gunther & Kathryn Parr & Marcello Graziano & Fred Carstensen, 2011. "Economic Impact of State Parks, Forests and Natural Resources under the Management of Department of Environmental Protection," CCEA Studies 2011-December-01, University of Connecticut, Connecticut Center for Economic Analysis.
    15. Ovchinnikova, Natalia V. & Czap, Hans J. & Lynne, Gary D. & Larimer, Christopher W., 2009. ""I don't want to be selling my soul": Two experiments in environmental economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(2), pages 221-229, March.
    16. Provencher, Bill & Bishop, Richard C., 1995. "An Estimable Dynamic Model of Recreation Behavior," Staff Papers 200582, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    17. Rosny Jean & Kozma Naka & Colmore S. Christian & Buddhi Raj Gyawali & Troy Bowman & Sampson Hopkinson, 2022. "Identifying Primary Drivers of Participants from Various Socioeconomic Backgrounds to Choose National Forest Lands in the Southeastern Region of the US as a Travel Destination for Recreation," Land, MDPI, vol. 11(8), pages 1-25, August.
    18. Peter Howie & Sean M. Murphy & John Wicks, 2010. "An Application of a Stated Preference Method to Value Urban Amenities," Urban Studies, Urban Studies Journal Limited, vol. 47(2), pages 235-256, February.
    19. Kenneth E. McConnell, 1975. "Some Problems in Estimating the Demand for Outdoor Recreation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 330-334.
    20. Larson, Douglas M. & Shaikh, Sabina L., 1999. "Empirical Specification Requirements For Two-Constraint Models Of Recreation Demand," 1999 Annual meeting, August 8-11, Nashville, TN 21629, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajarec:v:21:y:1977:i:2:p:97-110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/aaresea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.