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Estimating consumer surplus and elasticity of demand of tourist visitation to a region in North Queensland using contingent valuation

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  • Greiner, Romy
  • Rolfe, John

Abstract

The Daintree Rainforest is a prime attraction for Tropical North Queensland as a tourist destination. Visitation of the rainforest, specifically the Cape Tribulation section, has increased rapidly as impediments to self-drive access have been removed. This paper examines the potential for the local council to manage the volume of self-drive access to the Cape Tribulation region by price mechanisms. The assessment is based on estimates of willingness to pay from a contingent valuation survey of self-drive tourists to the region, from which estimates of consumer surplus and demand elasticity are derived. A comprehensive discussion of the social and economic implications and transaction costs of price-based mechanisms is offered.

Suggested Citation

  • Greiner, Romy & Rolfe, John, 2003. "Estimating consumer surplus and elasticity of demand of tourist visitation to a region in North Queensland using contingent valuation," 2003 Conference (47th), February 12-14, 2003, Fremantle, Australia 57881, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare03:57881
    DOI: 10.22004/ag.econ.57881
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    References listed on IDEAS

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    5. Ian H. Langford & Ian J. Bateman & Andrew P. Jones & Hugh D. Langford & Stavros Georgiou, 1998. "Improved Estimation of Willingness to Pay in Dichotomous Choice Contingent Valuation Studies," Land Economics, University of Wisconsin Press, vol. 74(1), pages 65-75.
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    Cited by:

    1. Rosny Jean & Kozma Naka & Colmore S. Christian & Buddhi Raj Gyawali & Troy Bowman & Sampson Hopkinson, 2023. "Outdoor Recreation in Southeastern United States National Forests: An Investigation of the Influence of Ethnicity and Gasoline Price on Individual Participation," Tourism and Hospitality, MDPI, vol. 4(2), pages 1-25, April.
    2. Donaghy, Peter & Rolfe, John & Bennett, Jeffrey W., 2004. "Quasi-option values for enhanced information regarding genetically modified foods," 2004 Conference (48th), February 11-13, 2004, Melbourne, Australia 58403, Australian Agricultural and Resource Economics Society.

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