Estimating Monetary Values for Use Permits on Western Rivers
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.
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Document Type: Journal Article
Affiliations: Associate Professor, Department of Resource Recreation Management, School of Forestry, Oregon State University, Corvallis 97331-5704
Publication date: 1984-02-01
2016 Impact Factor: 1.675 (Rank 20/64 in forestry)
Average time from submission to first decision: 39.6 days*
June 1, 2016 to Feb. 28, 2017
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