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Estimating Monetary Values for Use Permits on Western Rivers

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Abstract:

Allocation of public resources requires information about values, but nonmarket commodities such as recreation do not have convenient monetary indicators. In an effort to establish monetary values, recreation economists have developed two major approaches to nonmarket valuation, both of which have drawbacks. The study described here uses sales of outfitting businesses to estimate the value of river running permits. Information from four western rivers suggests that access rights have considerable monetary value, and that values are highest on rivers where available permits are most fully used.

Document Type: Journal Article

Affiliations: Associate Professor, Department of Resource Recreation Management, School of Forestry, Oregon State University, Corvallis 97331-5704

Publication date: February 1, 1984

More about this publication?
  • The Journal of Forestry is the most widely circulated scholarly forestry journal in the world. In print since 1902, the Journal has received several national awards for excellence. The mission of the Journal of Forestry is to advance the profession of forestry by keeping forest management professionals informed about significant developments and ideas in the many facets of forestry: economics, education and communication, entomology and pathology, fire, forest ecology, geospatial technologies, history, international forestry, measurements, policy, recreation, silviculture, social sciences, soils and hydrology, urban and community forestry, utilization and engineering, and wildlife management. The Journal is published bimonthly: January, March, May, July, September, and November.
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