Forecasts of the regional economic impacts of changes in the demand for recreation occasioned by regulatory changes, changes in the quality of the recreation experience, or changes in average trip costs require a model that links changes in these trip attributes to individual participation...

Practitioners of outdoor sports, such as rock-climbers, are likely to exhibit preference heterogeneity that depends on the 'keenness' with which such sports are practiced. Such an intuition is born out in at least one study using latent class discrete choice modelling (Provencher et al. 2002)....

We develop and apply a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework (Becker 1965), and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...

Environmental, health, and safety advocates, say Richard Revesz and Michael Livermore, have been wrongly hostile to cost-benefit analysis because of a false belief that it is biased against regulation. The bias against regulation, while real, has been the artifact of historical accident - the...

This article examines the interaction between formal laws and informal social norms in generating de facto institutions for collective common pool resource governance. Utilizing ethnographic fieldwork and a game theory model, this study illustrates how the informal rules of surfing — which...

In this paper we assess the recreation demand for the Bois de Finges, one of the largest pine forest in Switzerland and of European importance. In order to quantify the recreational benefits, we have applied the travel cost method. The data were collected through an on-site survey during 2004....

Traditional recreation demand models do not make a distinction between a household and an individual as the reference decision-making unit, thus assuming that a family maximizes a single utility function, even if the family consists of different individuals. Such models ignore the possibility of...

We conduct a meta-analysis (MA) of around 100 studies valuing species and nature conservation in Asia and Oceania, using both revealed and stated preferences methods. Dividing our dataset into two levels of heterogeneity in terms of good characteristics (species vs. nature conservation more...

I derive values of marginal changes in a public good for two-person households, measured alternatively by household member i's willingness to pay (WTP) for the good on behalf of the household, WTPi(H), or by the sum of individual WTP values across family members, WTP(C). Households are assumed...