Demand for and Economic Value of Nonmotorized Boating Access in Rivers at US National Forests

2021 ◽  
Vol 119 (3) ◽  
pp. 275-290
Author(s):  
Binod P Chapagain ◽  
Neelam C Poudyal ◽  
J M Bowker ◽  
Ashley E Askew ◽  
Donald B K English ◽  
...  
Keyword(s):  
Economic Benefit ◽  
Cost Model ◽  
Economic Value ◽  
Water Velocity ◽  
Spatially Explicit ◽  
National Forest ◽  
Public Value ◽  
Travel Cost Model ◽  
The Us ◽  
Spatially Explicit Data

Abstract Nonmotorized boating (NMB) is a popular recreation activity in the US National Forest System. Previous studies on NMB were from an individual river or site, which limited aggregating benefit across the system or generalizing to rivers across the country. Further, whether and how site and river characteristics affect the use of rivers for NMB activities are unknown. This study combined trip data collected from visitor surveys across the system with spatially explicit data on river characteristics in a travel cost model, and in the analysis step, characterized the economic benefit of NMB access and evaluated the effect of site and river characteristics. Net economic benefit of NMB access was estimated to be in the range of $56 to $73 per trip, depending on the modeling assumptions used. When aggregated across visits over the country, the total annual economic value of NMB access in National Forest System ranged from $92 million to $120 million. Results further suggest that site and river characteristics including water velocity, ramp availability, and rapid level were significantly related to NMB demand. Results may be useful in highlighting the use and public value of NMB access in rivers and in understanding the importance of site and river characteristics.

scholarly journals Estimating the economic value of viewing griffon vultures Gyps fulvus : a Travel Cost Model study at Gamla Nature Reserve, Israel

Oryx ◽  
2005 ◽  
Vol 39 (04) ◽  
pp. 429 ◽  
Author(s):  
Nir Becker ◽  
Moshe Inbar ◽  
Ofer Bahat ◽  
Yael Choresh ◽  
Gil Ben-Noon ◽  
...  
Keyword(s):  
Nature Reserve ◽  
Cost Model ◽  
Economic Value ◽  
Travel Cost ◽  
Travel Cost Model ◽  
Gyps Fulvus ◽  
Model Study

scholarly journals The value of forest recreation in Azorean public parks

2021 ◽  
Vol 59 (1) ◽  
Author(s):  
Fernando Lopes ◽  
Bruno Amaral
Keyword(s):  
Cost Model ◽  
Economic Value ◽  
Travel Cost ◽  
Primary Study ◽  
Public Parks ◽  
Face To Face ◽  
Travel Cost Model ◽  
Forest Recreation ◽  
Total Economic Value ◽  
Forest Parks

Abstract: This study assesses the aggregated value of demand for forest recreation in the Azores using a regional travel cost model. Previous assessments of total economic value (TEV) of the Portuguese forest by Mendes (2005) and INCF (2006) consider both market services and non-market services. Non-timber benefits (NTB) such as recreation, carbon sequestration, protection of soil, and biodiversity were valued using value transfer methodologies. Forest recreation accounts for 0.65% of TEV using a unit transfer value of 2.75 Euros/per visit estimated by Loureiro and Albiac (1996). The present primary study assesses the value of forest recreation in the Azorean islands instead of a single site approach. A count data travel-cost model, taking into account characteristics of data from on-site face-to-face interviews, is used instead of contingent valuation. This study uses data from a survey of visitors to public forest parks in São Miguel, Terceira, and Pico. Visits to public forest parks are a significant component of forest recreation, attracting more than 18% of residents with an average of five trips per year. The typical visitant is male, 38 years of age, and has secondary education. Those interviewed engage in physical activities, walking and running, as well as picnics, an opportunity to meet friends and family during the summer. The profile of this summer visitors changes to a more hard engagement in running and walking activities during autumn and spring. 33% of visitors are fully satisfied with their visiting experience and the quality of public forest parks. The value of a daily visit is 13.66 euros, and the total economic value exceeds 3 million euros in all Azorean parks for 275 thousand visitors. A conservative assessment of the benefit of forest recreation is higher than the total market value of wood production.

scholarly journals The economic value of flower tourism at the Namaqua National Park, South Africa

2014 ◽  
Vol 10 (4) ◽  
pp. 442-456 ◽  
Author(s):  
I James ◽  
T Hoffman ◽  
A Munro ◽  
P O'Farell ◽  
R Smart
Keyword(s):  
South Africa ◽  
National Park ◽  
Cost Model ◽  
Economic Value ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Recreational Value ◽  
Travel Cost Model ◽  
Route Information

The travel cost method was used to estimate the economic recreational value of flower viewing at the Namaqua National Park. Demographic, time, expenditure, preference and route information was collected from interviews with 160 SA nationals who visited the park in their own car.  Visitors spent an average of $US108 on transportation and $US84 on accommodation in the region. A zonal travel cost model was developed which suggests that the economic recreational value of flower viewing at the park makes to the region is far larger than the annual net loss of $US50 000 which the park makes when only the expenses and revenue of the park are considered.

scholarly journals Effects of Ad-hoc Data Truncation and Homogeneous Preferences on Recreational Demand and Values: An Application to the George Washington and Jefferson National Forests

2021 ◽  
pp. 1-15
Author(s):  
Kavita Sardana ◽  
John C. Bergstrom ◽  
J. M. Bowker
Keyword(s):  
Latent Class ◽  
Ad Hoc ◽  
Cost Model ◽  
Consumer Surplus ◽  
Poisson Model ◽  
Travel Cost ◽  
National Forests ◽  
Heterogeneous Preferences ◽  
George Washington ◽  
Travel Cost Model

Abstract We estimate a travel cost model for the George Washington & Jefferson National Forests using an On-Site Latent Class Poisson Model. We show that the constraints of ad-hoc truncation and homogenous preferences significantly impact consumer surplus estimates derived from the on-site travel cost model. By relaxing the constraints, we show that more than one class of visitors with unique preferences exists in the population. The resulting demand functions, price responsive behaviors, and consumer surplus estimates reflect differences across these classes of visitors. With heterogeneous preferences, a group of ‘local residents’ exists with a probability of 8% and, on average take 113 visits.

Linkage between Economic Value Added and Market Value: An Analysis

2000 ◽  
Vol 25 (3) ◽  
pp. 23-36 ◽  
Author(s):  
Ashok Banerjee
Keyword(s):  
New York ◽  
Economic Value ◽  
Value Added ◽  
Market Value ◽  
Shareholder Wealth ◽  
Indian Context ◽  
The Us ◽  
Generating Capacity ◽  
The Cost ◽  
Future Growth

Maximizing shareholder value has become the new corporate paradigm. Corporations in the US have started disclosing EVA information from the beginning of 90s as a measure of corporate performance. It is believed that market value of a firm (hence shareholder wealth) would increase with the increase in EVA. Various studies done in the US also confirm this belief. EVA (a term coined and registered by Stern Stewart & Co. New York) is a residual income that subtracts the cost of capital from the operating profits generated by a business. The present study makes an at tempt to find the relevance of Stewart's claim that market value of the firm is largely driven by its EVA generating capacity in the Indian context. Based on a sample of 200 firms over a period of five years, the study shows that market value of a firm can be well predicted by estimated future EVA streams. The study has also found that market value of most of the firms in the sample is explained more by current operational value than future growth value of firms.

Medical Spending for the 2001 Anthrax Letter Attacks

2018 ◽  
Vol 13 (03) ◽  
pp. 539-546 ◽  
Author(s):  
Nicholas A. Zacchia ◽  
Ketra Schmitt
Keyword(s):  
Public Health ◽  
Prophylactic Treatment ◽  
Economic Impacts ◽  
Cost Model ◽  
Medical Costs ◽  
Cost Data ◽  
Public Health Preparedness ◽  
News Reports ◽  
Medical Spending ◽  
The Us

ABSTRACTIntroductionThis paper assesses the total medical costs associated with the US anthrax letter attacks of 2001. This information can be used to inform policies, which may help mitigate the potential economic impacts of similar bioterrorist attacks.MethodsJournal publications and news reports were reviewed to establish the number of people who were exposed, were potentially exposed, received prophylactics, and became ill. Where available, cost data from the anthrax letter attacks were used. Where data were unavailable, high, low, and best cost estimates were developed from the broader literature to create a cost model and establish economic impacts.ResultsMedical spending totaled approximately $177 million.ConclusionsThe largest expenditures stemmed from self-initiated prophylaxis (worried well): people who sought prophylactic treatment without any indication that they had been exposed to anthrax letters. This highlights an area of focus for mitigating the economic impacts of future disasters. (Disaster Med Public Health Preparedness. 2019;13:539-546)

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