Valuing rural recreation benefits: an empirical comparison of two approaches

Hanley, N.D. (1989) Valuing rural recreation benefits: an empirical comparison of two approaches. Journal of Agricultural Economics, 40(3), pp. 361-374. (doi:10.1111/j.1477-9552.1989.tb01117.x)

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Abstract

Two methodologies for valuing non-market benefits (contingent valuation and the travel cost method) are briefly described. Both are then applied to the problem of valuing non-market recreation benefits derived by visitors to a part of the Queen Elizabeth Forest Park in Central Scotland. Results, in terms of consumer surplus estimates, are presented for each method, and problem areas found in applying the two methodologies are pointed out.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Hanley, Professor Nicholas
Authors: Hanley, N.D.
College/School:College of Medical Veterinary and Life Sciences > Institute of Biodiversity Animal Health and Comparative Medicine
Journal Name:Journal of Agricultural Economics
Publisher:Wiley
ISSN:0021-857X
ISSN (Online):1477-9552

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