@article{Read:124541,
      recid = {124541},
      author = {Read, Michael and Sinden, Jack A. and Branson, Jane and  Sturgess, Neil H.},
      title = {"Recreational use values for Victoria’s Parks"},
      address = {1999-01},
      number = {410-2016-25598},
      pages = {7},
      year = {1999},
      abstract = {Generalised travel-cost models were specified for the  repeatable measurement of the economic value of recreation  in Parks. Valuations of recreational use have been  undertaken for approximately 30 metropolitan parks in  Melbourne and 35 National Parks and other sites in rural  Victoria. Zonal models were used and the distance ranges  for each zone were set as variable parameters in a  spreadsheet model. The distance from each postcode in  Australia to the park was calculated using the longitude  and latitude for the particular park, and for the centroid  of each postcode. This specification enabled us to observe  that the choice of distance ranges for each zone can have a  substantial impact on the goodness of fit and on the  implied level of consumer surplus per visit. The study has  not been finalised and consequently few results are  presented here. Nevertheless, the process of developing a  generalised model and the preliminary results have caused  the authors to be concerned about three aspects of  travel-cost modelling,  namely: 1. the allocation of  consumer surplus between multiple destinations for those  visitors who visited more than one destination during the  trip that included the Park in question; 2. the choice of  distance ranges for each postcode zone; and 3. the choice  of functional form. Different approaches to each of these  matters changes substantially the results obtained from the  travel-cost modelling. The second aspect (distance ranges)  appears not to have been addressed previously in the  literature, and our approach to the first aspect (multiple  destinations) may offer a new approach. Comments would be  appreciated, particularly since this Study is yet to be  completed. Readers are encouraged to email us:  Economists@readsturgess.com.au},
      url = {http://ageconsearch.umn.edu/record/124541},
      doi = {https://doi.org/10.22004/ag.econ.124541},
}