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Measuring Use Value from Recreation Participation

Published online by Cambridge University Press:  28 April 2015

John C. Whitehead
John C. Whitehead*
Affiliation:
Department of Economics at East Carolina University
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Abstract

Recreation demand studies have traditionally utilized a two-step valuation method, estimating conditional recreation participation probabilities and then intensity of use decisions. These two steps of analysis are combined to estimate the use value of natural resource recreation sites. The purpose of this paper is to provide a method by which use value can be estimated solely from the participation decision. The one-step resource valuation method allows estimation of use values from coefficients of the logistic regression recreation participation equation. The benefits of the method are the reduced data and effort required to value natural resource areas.

Keywords

logistic regressionrecreation participationuse value
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 24 , Issue 2 , December 1992 , pp. 113 - 119
Copyright
Copyright © Southern Agricultural Economics Association 1992

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