This paper develops and applies a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...

The study details geological analysis of the South China Sea region. South China Sea is a marginal sea located in unique geographical region of west Pacific Ocean. It has a complex tectonics history being developed at subduction zone of three tectonic plates: Eurasian, Pacific and Indian....

A bulk of recent evidence suggests that important disparities exist between willingness to pay and compensation demanded for the same good. This paper extends and refutes the generality of these findings by going to a well-functioning marketplace and allowing consumers to swap sports...

The crisis of Greater Darfur region continued for the past eight years with so many postulations of the reasons behind the rebellions and uprisings there. Many voiced their concerns about human sufferings, but all agreed on that reasons focus on less or non-existent development. United Nations'...

The main objective of this paper is to analyze the contribution of tourism to economic growth in Central American and selected Caribbean countries (The Bahamas, Dominica, Dominican Republic and Saint Lucia). Following recent methodology presented by Ivanov and Webster (2007), this paper will...

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...

This study contribute to the growing literature on repeat visitation by examining the factors that affect a cruise ship passenger's stated likelihood of returning to a visited port as a stay over tourist. Results from a survey of cruise ship passengers that stopped in Cartagena de Indias...

In 1967, John Krutilla suggested a relationship between car camping, canoe cruising, and cross-country skiing and induced demand for wild, primitive, and wilderness-related opportunities. Here, the time trend of cross-section parameter estimates of the relationship is examined. Households...

In this paper the efficient allocation of natural recreational areas is analysed. Natural recreational areas have the features of public goods. We present the efficient allocation of this non-excludable public good in a rational general equilibrium model with heterogeneous agents. This allows us...

Site-specific characteristics are attributes of tourism services for consumers and a factor influencing their costs and quality for producers. These services are a fine illustration of territorial rents. Using estimates from hedonic price equations, we test the role of environmental/territorial...