The travel-cost of estimating a recreation demand function requires specifying the functional form of the first-stage demand curve and defining the width of the concentric origin zones. A Monte Carlo approach is used to determine the sensitivity of demand and valuation estimates to alternative...

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...

The contingent valuation approach was applied to the problem of estimating the recreation benefits from alleviating congestion at Indian Peaks wilderness area, Colorado. A random sample of 126 individuals were interviewed while hiking and backpacking at the study site in 1979. The results...