IDEAS home Printed from https://ideas.repec.org/a/rre/publsh/v18y1988i3p1-15.html
   My bibliography  Save this article

Valuing Non-Market Recreation Goods: An Evaluative Survey of the Literature on the Travel Cost and Contingent Valuation Methods

Author

Listed:
  • Garey Durden

    (Appalachian State University)

  • Jason F. Shogren

    (Appalachian State University)

Abstract

The development of alternate means for measuring the benefits of non-marketed recreation goods has occupied many economists since the Flood Control Act of 1936.1 In particular, the respective work of Hotelling in the 1940s, Clawson and Knetsch (1966), Prewitt (1949) and Davis (1963) in the 1960's laid the foundation for two currently used procedures, travel cost (TCM) and contingent valuation (CVM). The purpose of this paper is to survey and critically evaluate the literature on the two methods. Although both TCM and CVM provide consumer surplus measures generated from simulated market demand curves as the best estimates of social benefits, there are fundamental differences between the two. In what follows, the travel cost and contingent valuation methods are explained and the advantages and disadvantages of each are discussed. This is done to provide guidance as to which method might be more appropriately used in a given situation.

Suggested Citation

  • Garey Durden & Jason F. Shogren, 1988. "Valuing Non-Market Recreation Goods: An Evaluative Survey of the Literature on the Travel Cost and Contingent Valuation Methods," The Review of Regional Studies, Southern Regional Science Association, vol. 18(3), pages 1-15, Fall.
    • Handle: RePEc:rre:publsh:v18:y:1988:i:3:p:1-15
    as

    Download full text from publisher

    File URL: http://journal.srsa.org/ojs/index.php/RRS/article/view/18.3.1/pdf/
    File Function: To View On Journal Page
    Download Restriction: no
    File URL: http://journal.srsa.org/ojs/index.php/RRS/article/download/18.3.1/pdf/
    File Function: To Download Article
    Download Restriction: no
    ---><---

    Citations

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


    Cited by:

    1. Casey, James F. & Vukina, Tomislav & Danielson, Leon E., 1995. "The Economic Value Of Hiking: Further Considerations Of Opportunity Cost Of Time In Recreational Demand Models," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(2), pages 1-11, December.
    2. d'Arge, Ralph C. & Shogren, Jason F., 1989. "Okoboji experiment: Comparing non-market valuation techniques in an unusually well-defined market for water quality," Ecological Economics, Elsevier, vol. 1(3), pages 251-259, October.
    3. Lew, Daniel K., 1999. "Multi-Purpose Trip Valuation in Recreation Demand Models: Some Methodological Approaches," 1999 Annual meeting, August 8-11, Nashville, TN 271486, 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:rre:publsh:v18:y:1988:i:3:p:1-15. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Tammy Leonard & Lei Zhang (email available below). General contact details of provider: http://www.srsa.org .

    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.