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          Volume 14, Number 01, July 1989 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/32446

Title: ISSUES IN NONMARKET VALUATION AND POLICY APPLICATION: A RETROSPECTIVE GLANCE
Authors: Walsh, Richard G.
Johnson, Donn M.
McKean, John R.
Issue Date: 1989-07
Abstract: While issues in estimating nonmarket values continue to cause concern, resource economists have more reason now than ever before to be optimistic. More progress toward improved measurement has been made in the past six years than in the previous quarter century since development of the contingent valuation and travel cost methods. The new challenge is to learn how to adjust past studies to estimate nonmarket values for future policy analysis. The process involves developing an understanding of the important variables that explain the observed difference in estimates. This paper illustrates how the results thus far could be adjusted to develop some tentative estimates of the recreation-use value of Forest Service resources.
URI: http://purl.umn.edu/32446
Institution/Association: Western Journal of Agricultural Economics>Volume 14, Number 01, July 1989
Total Pages: 11
Language: English
From Page: 178
To Page: 188
Collections:Volume 14, Number 01, July 1989

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