Hostname: page-component-8448b6f56d-c47g7 Total loading time: 0 Render date: 2024-04-24T04:47:12.990Z Has data issue: false hasContentIssue false
  • English
  • Français

Toward a Value for Guided Rafting on Southern Rivers

Published online by Cambridge University Press:  28 April 2015

J. M. Bowker ,
Donald B. K. English  and
Jason A. Donovan
J. M. Bowker
Affiliation:
USDA/Forest Service, Southern Research Station, Outdoor Recreation and Wilderness Research Unit, Athens, Georgia
Donald B. K. English
Affiliation:
USDA/Forest Service, Southern Research Station, Outdoor Recreation and Wilderness Research Unit, Athens, Georgia
Jason A. Donovan
Affiliation:
U.S. Peace Corps volunteer in Uruguay, Department of Agricultural and Applied Economics, University of Georgia
Get access

Abstract

This study examines per trip consumer surplus associated with guided Whitewater rafting on two southern rivers. First, household recreation demand functions are estimated based on the individual travel cost model using truncated count data regression methods and alternative price specifications. Findings show mean per trip consumer surplus point estimates between $89 and $286, depending on modeling assumptions and river quality. Magnitudes of these surpluses are very dependent on assumptions about the opportunity cost of time.

Keywords

consumer surpluscount dataguided raftingtravel cost
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 28 , Issue 2 , December 1996 , pp. 423 - 432
Copyright
Copyright © Southern Agricultural Economics Association 1996

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Adamowicz, W.L., Fletcher, J.J., and Graham-To-masi, T.. “Functional Form and the Statistical Properties of Welfare Measures.” Amer. J. Agr. Econ. 71(1989) :414–21.CrossRefGoogle Scholar
Bergstrom, J.B., and Cordell, H.K.. “An Analysis of the Demand for and Value of Outdoor Recreation in the United States.” J. Leisure Res. 23(1991):67–86.CrossRefGoogle Scholar
Boyle, K.J., Welsh, M.P., and Bishop, R.C.. “The Role of Question Order and Respondent Experience in Contingent Valuation Studies.” J. Environ. Econ. and Manage. 25(1993):S80–S99.CrossRefGoogle Scholar
Brown, G., and Mendelsohn, R.. “The Hedonic Travel Cost Method.” Rev. Econ. and Statis. 66(1984):427–33.CrossRefGoogle Scholar
Creel, M.D., and Loomis, J.B.. “Theoretical and Empirical Advantages of Truncated Count Data Estimators for Analysis of Deer Hunting in California.” Amer. J. Agr. Econ. 72(1990):434–41.CrossRefGoogle Scholar
Englin, J., and Shonkwiler, J.S.. “Estimating Social Welfare Using Count Data Models: An Application to Long-Run Recreation Demand Under Conditions of Endogenous Stratification and Truncation.” Rev. Econ. and Statis. 77(1995):104–12.CrossRefGoogle Scholar
English, D.B.K. and Bowker, J.M.. “Sensitivity of Whitewater Rafting Consumer's Surplus to Pecuniary Travel Cost Specifications.” J. Environ. Manage. 47(1996):79–91.CrossRefGoogle Scholar
Fletcher, J.J., Adamowicz, W.L., and Graham-To-masi, T.. “The Travel Cost Model of Recreation Demand: Theoretical and Empirical Issues.” Leisure Sci. 12(1990):119–47.CrossRefGoogle Scholar
Freeman, A.M.The Measurement of Environmental and Resource Values: Theory and Methods. Washington DC: Resources for the Future, 1993.Google Scholar
Hellerstein, D. “Using Count Data Models in Travel Cost Analysis with Aggregate Data.” Amer. J. Agr. Econ. 73(1991):660–66.CrossRefGoogle Scholar
Layman, R.D., Boyce, J.R., and Criddle, K.R.. “Economic Valuation of the Chinook Salmon Sport Fishery of the Gulkana River, Alaska, Under Current and Alternate Management Plans.” Land Econ. 72(1996):113–28.CrossRefGoogle Scholar
Mateja, J. “National Vehicle Study Shows Rising Price of Hitting the Road.” Athens [Georgia] Banner-Herald (14 April 1995):20. AP Wire Service, Chicago Tribune.Google Scholar
McConnell, K.E. “Model Building and Judgment: Implications for Benefit Transfers with Travel Cost Models.” Water Resour. Res. 28,3(1992):695–700.CrossRefGoogle Scholar
McKean, J.R., Johnson, D.M., and Walsh, R.G.. “Valuing Time in Travel Cost Demand Analysis: An Empirical Investigation.” Land Econ. 71(1995):96–105.CrossRefGoogle Scholar
Randall, A. “A Difficulty with the Travel Cost Method.” Land Econ. 70(1994):88–96.CrossRefGoogle Scholar
Ribaudo, M.O., and Epp, D.J.. “The Importance of Sample Discrimination in Using the Travel Cost Method to Estimate the Benefits of Improved Water Quality.” Land Econ. 60(1984):397–403.CrossRefGoogle Scholar
Richards, M.T., King, D.A., Daniel, T.C., and Brown, T.C.. “The Lack of an Expected Relationship Between Travel Cost and Contingent Value Estimates of Forest Recreation Value.” Leisure Sci. 12(1990):303–19.CrossRefGoogle Scholar
Sanders, L.D., Walsh, R.G., and McKean, J.R.. “Comparable Estimates of the Recreation Value of Rivers.” Water Resour. Res. 27(1991):1387–94.CrossRefGoogle Scholar
Shaw, D.“On-Site Samples’ Regression: Problems of Nonnegative Integers, Truncation, and Endogenous Stratification.” J. Econometrics 37(1988):211–23.CrossRefGoogle Scholar
Smith, V.K. “Taking Stock of Progress with Travel Cost Recreation Demand Methods: Theory and Implementation.” Marine Resour. Econ. 6(1989):279–310.CrossRefGoogle Scholar
Smith, V.K., Desvouges, W.H., and Fisher, A.. “A Comparison of Direct and Indirect Methods for Estimating Environmental Benefits.” Amer. J. Agr. Econ. 68(1986):280–90.CrossRefGoogle Scholar
Teasley, J., Bergstrom, J.C., and Cordell, H.K.. “Estimating Revenue Capture Potential Associated with Public Area Recreation.” J. Agr. and Resour. Econ. 19(1994):89–101.Google Scholar
U.S. Water Resources Council. Economic and Environmental Principles and Guidelines for Water and Related Land Resources Implementation Studies. Washington DC: Government Printing Office, 1983.Google Scholar
Ward, F.A. “Economics of Water Allocation to In-stream Uses in a Fully Appropriated River Basin: Evidence from a New Mexico Wild River.” Water Resour. Res. 23(1987):381–92.CrossRefGoogle Scholar
Ward, F.A., and Loomis, J.B.. “The Travel Cost Demand Model as an Environmental Policy Assessment Tool: A Review of Literature.” West. J. Agr. Econ. 11(1986):164–78.Google Scholar
Yen, S.T., and Adamowicz, W.L.. “Statistical Properties of Welfare Measures from Count-Data Models of Recreation Demand.” Rev. Agr. Econ. 15(1993):203–15.CrossRefGoogle Scholar