This paper presents individual demand models for three historic battlefield sites maintained by the US National Park Service. Preserved battlefields are valuable cultural resources that make up a significant portion of the US National Park system, but have received scant attention from...

Lake Hume is a significant water storage located at the headwaters of the River Murray. It provides irrigation water, urban water supplies, flood mitigation and recreational benefits to a large and economically significant region. Water quality in Lake Hume has recently been the subject of...

This paper presents individual overviews of the current issues and innovations regarding the application of the following non-market valuation techniques: contingent valuation, choice experiments, travel cost method, and hedonic pricing. Each technique is described conceptually and...

This study aims to build a synoptic picture of the facets of the economic category called “value”, with practicality in the tangible cultural heritage field, from the point of view of a traditionally economists-specific approach: concern for the financial sustainability of any decision....

It has been argued that the growth of cities is increasingly determined by the presence of amenities. We study the economic effects of large scale subsidised investments in historic amenities, by looking at their impact on house prices. We aim to distinguish between the direct and indirect...

Wetland protection in the Upper South East (USE) of South Australia yields a range of private and social benefits. The profit motivation for private wetland owners to supply private benefits is clear whilst the provision of purely social benefits by private suppliers has no similar incentive....

In mid-2010, an impact assessment was undertaken to ascertain the non-market value of coral reefs to scuba divers in Thailand, Malaysia and Indonesia. A travel cost method was employed and it was found that divers had a consumer surplus of about US$590 per dive. However, given the sample...

Coastal locations are traditional hotspots for tourism and leisure activity. The economic growth experienced in Ireland since the mid 1990s, coupled with an increased focus on health, leisure and improved lifestyle has contributed to an increase in participation in marine water-based activities...

The focus of the research reported in this paper has been to estimate recreation values for beaches over approximately 1400 kilometres of coastline along the Queensland coast. The study is notable at an international level because it assesses recreation values to a general type of recreation...