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Journal of Agricultural and Applied Economics >
Volume 34, Number 03, December 2002 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/15069
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| Title: | VISITOR PREFERENCES AND VALUES FOR WATER-BASED RECREATION: A CASE STUDY OF THE OCALA NATIONAL FOREST |
| Authors: | Shrestha, Ram K.
Alavalapati, Janaki R.R.
Stein, Taylor V.
Carter, Douglas R.
Denny, Christine B. |
| Keywords: | contingent valuation
Tobit analysis
water-based recreation |
| JEL Codes: | Q23
Q26 |
| Issue Date: | 2002-12 |
| Abstract: | We used the open-ended contingent valuation method to elicit willingnes to pay (WTP) for day visitors and extended visitors on the Ocala National Forest (ONF), Florida. A Tobit model specification was applied to account for the issues involved with censored WTP bids. The results reveal that visitors would pay more for improved recreational facilities at the ONF. In particular, our estimates show that visitors would pay $1 million for basic facilities, $1.9 million for moderate improvements, and $2.5 million for more improvements. |
| URI: | http://purl.umn.edu/15069 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 34, Number 03, December 2002 |
| Total Pages: | 13 |
| Language: | English |
| From Page: | 547 |
| To Page: | 559 |
| Collections: | Volume 34, Number 03, December 2002
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| 34030547.pdf | 906Kb | PDF | View/Open |
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