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Please use this identifier to cite or link to this item: http://purl.umn.edu/15069

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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