IDEAS home Printed from https://ideas.repec.org/a/bla/coecpo/v16y1998i4p433-441.html
   My bibliography  Save this article

Can Recreation Values For A Lake Constitute A Market For Banked Agricultural Water?

Author

Listed:
  • ELIZABETH FADALI
  • W. DOUGLASS SHAW

Abstract

This paper presents estimates of the recreational use value to prevent the loss of a western lake threatened by diversions of upstream waters that supply it. The recreation demand model used to estimate recreation‐related values is the popular repeated nested multinomial logit model. The model is specified to allow an individual to choose when to visit various sites during the season, because site choice is likely to be influenced by water levels that change over the course of the season. The values are compared to agricultural values in order to assess whether the potential recreation demand side of a market for a water bank exists.

Suggested Citation

  • Elizabeth Fadali & W. Douglass Shaw, 1998. "Can Recreation Values For A Lake Constitute A Market For Banked Agricultural Water?," Contemporary Economic Policy, Western Economic Association International, vol. 16(4), pages 433-441, October.
    • Handle: RePEc:bla:coecpo:v:16:y:1998:i:4:p:433-441
    DOI: 10.1111/j.1465-7287.1998.tb00531.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1465-7287.1998.tb00531.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1465-7287.1998.tb00531.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
    ---><---

    References listed on IDEAS

    as
    1. Yoshiaki Kaoru & V. Kerry Smith & Jin Long Liu, 1995. "Using Random Utility Models to Estimate the Recreational Value of Estuarine Resources," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(1), pages 141-151.
    2. Mark Montgomery & Michael Needelman, 1997. "The Welfare Effects of Toxic Contamination in Freshwater Fish," Land Economics, University of Wisconsin Press, vol. 73(2), pages 211-223.
    3. Shonkwiler, John Scott & Shaw, W. Douglass, 1996. "Hurdle Count-Data Models In Recreation Demand Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(2), pages 1-10, December.
    4. Glenn D. Schaible, 1997. "Water Conservation Policy Analysis: An Interregional, Multi-Output, Primal-Dual Optimization Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 163-177.
    5. Catherine L. Kling & Cynthia J. Thomson, 1996. "The Implications of Model Specification for Welfare Estimation in Nested Logit Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(1), pages 103-114.
    6. Catherine L. Kling & Joseph A. Herriges, 1995. "An Empirical Investigation of the Consistency of Nested Logit Models with Utility Maximization," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(4), pages 875-884.
    7. Needelman, Michael S. & Kealy, Mary Jo, 1995. "Recreational Swimming Benefits Of New Hampshire Lake Water Quality Policies: An Application Of A Repeated Discrete Choice Model," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 24(1), pages 1-10, April.
    8. Kaoru, Yoshiaki, 1995. "Measuring marine recreation benefits of water quality improvements by the nested random utility model," Resource and Energy Economics, Elsevier, vol. 17(2), pages 119-136, August.
    9. Needelman, Michael S. & Kealy, Mary Jo, 1995. "Recreational Swimming Benefits of New Hampshire Lake Water Quality Policies: An Application of a Repeated Discrete Choice Model," Agricultural and Resource Economics Review, Cambridge University Press, vol. 24(1), pages 78-87, April.
    10. White, Halbert, 1982. "Maximum Likelihood Estimation of Misspecified Models," Econometrica, Econometric Society, vol. 50(1), pages 1-25, January.
    11. George R. Parsons & Michael S. Needelman, 1992. "Site Aggregation in a Random Utility Model of Recreation," Land Economics, University of Wisconsin Press, vol. 68(4), pages 418-433.
    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. Jakus, Paul M. & Dowell, Paula & Murray, Matthew N., 2000. "The Effect Of Fluctuating Water Levels On Reservoir Fishing," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-13, December.
    2. Abbott, Joshua K. & Allen Klaiber, H., 2013. "The value of water as an urban club good: A matching approach to community-provided lakes," Journal of Environmental Economics and Management, Elsevier, vol. 65(2), pages 208-224.
    3. Abbott, Joshua K. & Klaiber, H. Allen, 2011. "The Value Of Water As An Urban Club Good: A Matching Approach To Hoa-Provided Lakes," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103781, Agricultural and Applied Economics Association.
    4. Lambert, David K. & Shaw, W. Douglass, 2000. "Agricultural And Recreational Impacts From Surface Flow Changes Due To Gold Mining Operations," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(2), pages 1-14, December.
    5. Julien Salanié & Yves Surry & Philippe Le Goffe & . Inra & . Région Bretagne & . Agrocampus-Ouest & . Métropole de Rennes, 2004. "Measuring agricultural and congestion externalities in recreational fisheries : The case of salmon in France," Post-Print hal-02831528, HAL.
    6. Eiswerth, Mark & Englin, Jeffrey & Fadali, Elizabeth & Shaw, W. Douglass, 1999. "The Value of Water Levels in Water-Based Recreation: A Pooled Revealed Preference Contingent Behavior Model," Western Region Archives 321707, Western Region - Western Extension Directors Association (WEDA).
    7. GP Green & JP O'Connor, 2001. "Water Banking And Restoration Of Endangered Species Habitat: An Application To The Snake River," Contemporary Economic Policy, Western Economic Association International, vol. 19(2), pages 225-237, April.

    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. W. Shaw & Michael Ozog, 1999. "Modeling Overnight Recreation Trip Choice: Application of a Repeated Nested Multinomial Logit Model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 13(4), pages 397-414, June.
    2. Newbold, Stephen C. & Massey, D. Matthew, 2010. "Recreation demand estimation and valuation in spatially connected systems," Resource and Energy Economics, Elsevier, vol. 32(2), pages 222-240, April.
    3. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761, Elsevier.
    4. Stafford, Tess M., 2018. "Accounting for outside options in discrete choice models: An application to commercial fishing effort," Journal of Environmental Economics and Management, Elsevier, vol. 88(C), pages 159-179.
    5. Schwabe, Kurt A. & Schuhmann, Peter W., 1999. "The Value Of Increasing The Length Of Deer Season In Ohio," 1999 Annual meeting, August 8-11, Nashville, TN 21574, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Yongjie Ji & Joseph A. Herriges & Catherine L. Kling, 2016. "Modeling Recreation Demand When the Access Point Is Unknown," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 98(3), pages 860-880.
    7. Tadahiro Okuyama, 2012. "Valuing Benefits of Tourism Activities in Nara Prefecture: An Application of the Kuhn–Tucker Model," Tourism Economics, , vol. 18(2), pages 393-412, April.
    8. Hicks, Robert L., 2002. "A Comparison Of Stated And Revealed Preference Methods For Fisheries Management," 2002 Annual meeting, July 28-31, Long Beach, CA 19853, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Marije Schaafsma & Roy Brouwer, 2020. "Substitution Effects in Spatial Discrete Choice Experiments," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 75(2), pages 323-349, February.
    10. Therese C. Grijalva & Robert P. Berrens & Alok K. Bohara & Paul M. Jakus & W. Douglass Shaw, 2002. "Valuing the Loss of Rock Climbing Access in Wilderness Areas: A National-Level, Random-Utility Model," Land Economics, University of Wisconsin Press, vol. 78(1), pages 103-120.
    11. Mkwara, Lena Asimenye & Marsh, Dan, 2011. "Valuing Trout Angling Benefits of Water Quality Improvements while Accounting for Unobserved Lake Characteristics: An Application to the Rotorua Lakes," 2011 Conference, August 25-26, 2011, Nelson, New Zealand 115514, New Zealand Agricultural and Resource Economics Society.
    12. Lupi, Frank & Feather, Peter M., 1997. "Using Partial Site Aggregation to Reduce Bias in Random Utility Travel Cost Models," Staff Paper Series 201220, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    13. Kurt Schwabe & Peter Schuhmann & Roy Boyd & Khosrow Doroodian, 2001. "The Value of Changes in Deer Season Length: An Application of the Nested Multinomial Logit Model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 19(2), pages 131-147, June.
    14. Mara Thiene & Riccardo Scarpa, 2008. "Hiking in the Alps: Exploring Substitution Patterns of Hiking Destinations," Tourism Economics, , vol. 14(2), pages 263-282, June.
    15. Murdock, Jennifer, 1999. "Welfare Implications of Site Aggregation: A Comparison of Conditional Logit and Random Parameters Logit Estimates," Western Region Archives 321715, Western Region - Western Extension Directors Association (WEDA).
    16. Phaneuf, Daniel James, 1997. "Generalized corner solution models in recreation demand," ISU General Staff Papers 1997010108000013022, Iowa State University, Department of Economics.
    17. Larson, Douglas & Shaikh, Sabina, 1999. "Empirical Specification Requirements for Two-Constraint Models of Recreation Demand," Western Region Archives 321713, Western Region - Western Extension Directors Association (WEDA).
    18. Tudor, Lynne G. & Besedin, Elena Y. & Fisher, Michael & Smith, Stuart, 1999. "Economic Analysis Of Environmental Regulations: Application Of The Random Utility Model To Recreational Benefit Assessment For The Mp&M Effluent Guideline," 1999 Annual meeting, August 8-11, Nashville, TN 21630, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    19. Daniel J. Phaneuf & Catherine L. Kling & Joseph A. Herriges, 2000. "Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand," The Review of Economics and Statistics, MIT Press, vol. 82(1), pages 83-92, February.
    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:coecpo:v:16:y:1998:i:4:p:433-441. 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/weaaaea.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.