Recreation Benefit Estimation in Theory and Practice: A Comment on Imperfect Methods
Abstract:While some of the criticism of the travel-cost method of estimating benefits of outdoor recreation is without basis, serious problems of utility or disutility of travel, joint visitation, and data deficiencies do limit accuracy of the estimates. This method is nevertheless a considerable improvement over the current practice of using arbitrary unit-day values as approximations of users' average willingness to pay. Replacement of unit-day values with travel-cost and survey-valuation techniques will yield more accurate estimates and encourage needed refinements in data and methodology.
Document Type: Journal Article
Affiliations: Brookings Economic Policy Fellow, U.S. Department of the Interior
Publication date: 1980-01-01
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