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"Estimation Community Values of Lakes: A Study of Lake Mokoan in Victoria, Australia": A Comment

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  • Cook, Averil

    (University of Queensland)

Abstract

Herath in Vol 29, No 1 (1999) reports welfare estimates using two forms of travel cost methodology (zonal and individual) as well as contingent valuation methodology. This note examines: (a) internal inconsistencies in the stage 1 estimation (of both the zonal and individual travel cost methodology), and the computation of number of visitors per year, and (b) methodological problems in the calculation of consumer surplus and the procedure used in the individual travel cost methodology. The note is concerned with practical estimation issues, not theoretical or econometric aspects.

Suggested Citation

  • Cook, Averil, 2000. ""Estimation Community Values of Lakes: A Study of Lake Mokoan in Victoria, Australia": A Comment," Economic Analysis and Policy, Elsevier, vol. 30(1), pages 99-102, March.
    • Handle: RePEc:eee:ecanpo:v:30:y:2000:i:1:p:99-102
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    Cited by:

    1. de Frutos, Pablo & Rodríguez-Prado, Beatriz & Latorre, Joaquín & Martínez-Peña, Fernando, 2019. "Environmental valuation and management of wild edible mushroom picking in Spain," Forest Policy and Economics, Elsevier, vol. 100(C), pages 177-187.
    2. Eva Vicente & Pablo de Frutos, 2011. "Application of the travel cost method to estimate the economic value of cultural goods: Blockbuster art exhibitions," Hacienda Pública Española / Review of Public Economics, IEF, vol. 196(1), pages 37-63, january.
    3. Star, Megan & Rolfe, John & Brown, Julia, 2020. "From farm to fork: Is food tourism a sustainable form of economic development?," Economic Analysis and Policy, Elsevier, vol. 66(C), pages 325-334.
    4. Halkos, George & Matsiori, Steriani, 2017. "Estimating recreational values of coastal zones," MPRA Paper 80911, University Library of Munich, Germany.

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