AN INDIVIDUAL TRAVEL‐COST METHOD OF EVALUATING FOREST RECREATION

Ken G. Willis · Guy D. Garrod

175 citations0/0 files storedJournal of Agricultural Economics

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Economic and Environmental Valuation Forest Management and Policy Recreation, Leisure, Wilderness Management

Abstract

Consumer surplus for outdoor recreation has traditionally been estimated by a Clawson‐Knetsch travel‐cost method. This paper presents zonal consumer‐surplus estimates for visitors to a number of forests and compares these estimates to those derived from individual visitor observations. Both travel‐cost procedures are used to assess the magnitude of recreational benefits and are found to produce widely different consumer‐surplus estimates. This raises questions about research methodology and has implications for the value of recreation associated with forestry and its contribution to the rate of return on forest investment.

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References

1966A New Approach to Consumer Theory 1976A New Approach to Consumer Theory 1967Economics of Outdoor Recreation 1985Validation of Empirical Measures of Welfare Change: A Comparison of Nonmarket Techniques 1971Estimation of Net Social Benefits from Outdoor Recreation

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