scholarly journals Valuing Recreation Benefits of Natural Springs in Florida

2018 ◽  
Author(s):  
Qianyan Wu ◽  
Xiang Bi ◽  
Kelly Grogan ◽  
Tatiana Borisova
Keyword(s):  
Contingent Valuation Method ◽  
Consumer Surplus ◽  
Groundwater Pumping ◽  
Count Data Models ◽  
Valuation Method ◽  
Water Springs ◽  
Endogenous Stratification ◽  
Willingness To Contribute ◽  
Recreation Benefits ◽  
Natural Springs

Fresh water springs are unique natural resources in Florida, currently under threat from increasing groundwater pumping and pollution resulting from a variety of sources. This paper estimates current recreation benefits from visiting springs using the travel cost method and elicits residents’ willingness to contribute for springs restoration using the contingent valuation method. It further compares the performance of count data models correcting for endogenous stratification and truncation, and finds that the annual consumer surplus per person per trip is between $20 and $43. Furthermore, visitors are willing to contribute $12 to $14 per person per trip for springs restoration without reducing trip demand.

scholarly journals Valuing the Recreation Benefits of Natural Springs in Florida

Water ◽  
2018 ◽  
Vol 10 (10) ◽  
pp. 1379 ◽  
Author(s):  
Qianyan Wu ◽  
Xiang Bi ◽  
Kelly Grogan ◽  
Tatiana Borisova
Keyword(s):  
Contingent Valuation Method ◽  
Consumer Surplus ◽  
Count Data Models ◽  
Karst Springs ◽  
Valuation Method ◽  
Karst Areas ◽  
Annual Total ◽  
Endogenous Stratification ◽  
Willingness To Contribute ◽  
Recreation Benefits

Karst springs are scenic natural resources in karst areas of Florida, currently under threat from increasing groundwater withdrawal from the Floridan Aquifer and pollution resulting from a variety of sources. This paper estimates the current recreation benefits from visiting springs using the travel cost method and elicits residents’ willingness to contribute for springs restoration using the contingent valuation method. It further compares the performance of count data models correcting for endogenous stratification and truncation, and finds that the annual consumer surplus per person per trip is between $20 and $43, and the annual total recreational value for the four springs studied is about $25 million. Furthermore, visitors are willing to contribute $12 to $14 per person per trip for springs restoration without reducing trip demand.

scholarly journals Do CVM Welfare Estimates Suffer from On-Site Sampling Bias? A Comparison of On-Site and Household Visitor Surveys

2010 ◽  
Vol 39 (3) ◽  
pp. 561-570 ◽  
Author(s):  
Juan Marcos González-Sepúlveda ◽  
John B. Loomis
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Random Sample ◽  
Contingent Valuation Method ◽  
Household Survey ◽  
Sampling Bias ◽  
Valuation Method ◽  
A Value ◽  
Endogenous Stratification

The problem of endogenous stratification associated with on-site sampling has been overlooked in the Contingent Valuation Method (CVM). We find that using on-site samples of visitors overstates visitor willingness to pay (WTP) estimates relative to a household sample of visitors, and substantially overstates the unconditional population values. We provide two methods of correcting WTP of on-site samples. The uncorrected on-site sample CVM yields WTP of $132 per trip, while visitor WTP obtained from a random sample of households had a value of $66 per trip. Adaptation of choice-based sampling correction estimator to the on-site CVM data yields $73 per trip, not statistically different from the visitor value from the household survey, but significantly different from the uncorrected on-site sample value.

scholarly journals Study on the Appraisal of Tourism Demands and Recreation Benefits for Nanwan Beach, Kenting, Taiwan

Environments ◽  
2018 ◽  
Vol 5 (9) ◽  
pp. 97 ◽  
Author(s):  
Chih-Ming Dong ◽  
Chien-Chi Lin ◽  
Shu-Ping Lin
Keyword(s):  
National Park ◽  
Negative Binomial ◽  
Income Elasticity ◽  
Consumer Surplus ◽  
Poisson Model ◽  
Distribution Model ◽  
Travel Cost Method ◽  
Endogenous Stratification ◽  
Recreation Benefits ◽  
Kenting National Park

This study implemented a questionnaire survey on tourists to the Nanwan Beach, Kenting, Taiwan and then applied the travel cost method to appraise the recreation benefits of the Nanwan Beach. The truncated Poisson model (TPOIS), truncated negative binomial distribution model, and on-site Poisson model were applied in view of the errors caused by truncated samples and endogenous stratification, and the results indicated that: (1) The on-site Poisson model was more suitable than the other two models for estimating the recreation benefits of Nanwan; (2) the three recreational benefit indicators (consumer surplus, compensation variation, and equivalent variation) estimated using the TPOIS model were all significantly greater than those of the on-site Poisson model; (3) the on-site Poisson model estimated the price elasticity and income elasticity of the tourism demands for Nanwan as −0.329 and 0.187, respectively; and (4) on the basis of the on-site Poisson model, the consumer surplus for Nanwan was NT$9639 (approximately US$289) per person per visit, and the annual gross recreation benefits were approximate NT$8.022 billion. The results are expected to provide a valuable reference for management and planning policies of the Kenting National Park.

scholarly journals Valuing Ecotourism of a Recreational Site in Ciamis District of West Java, Indonesia

JEJAK ◽  
2017 ◽  
Vol 10 (1) ◽  
pp. 172-188
Author(s):  
Endah Saptutyningsih ◽  
Rini Selviana
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Welfare Benefit ◽  
West Java ◽  
Valuation Method ◽  
Natural Beauty

Ecotourism, as an alternative tourism, involves visiting natural areas in order to learn, to study or to carry out activities environmentally friendly, that is a tourism based on the nature experience which enables the economic and social development of local communities. Ecotourism encourages rural economics and provides benefits to income and employment generation. It is considered as an alternative for enhancing rural lifestyle and for leading positive changes in the distribution of income. One of the area which has ecotourism site in Indonesia is Karangkamulyan site, Ciamis District of West Java. There is a tourist attraction that not only offers natural beauty, history and cool atmosphere, it also serves as a place of education and research on the history in the field of archeology. This attraction should receive special attention from the local government so that the tourists and local people also get the benefits. Ecotourism can be classified as possessing public goods-type characteristics, and as such, welfare benefit estimates must utilize non-market valuation techniques. This study employs the travel cost method and contingent valuation method. Travel cost and contingent valuation methods are applied to the problem of estimating the potential consumer surplus available to tourists from ecotourism in Ciamis. The results are compared with contingent valuation analysis of willingness-to-pay of tourists in their current trip to ecotourism sites of Ciamis. The result of travel cost method indicates that tourists average travel cost is estimated at no more than one hundred thousand rupiahs. The contingent valuation method concludes that the tourists average willingness to pay in their trip to ecotourism sites of Ciamis is are about IDR 6,800 in average.

scholarly journals Valuation approaches to ecosystem goods and services for the National Botanical Garden, Bangladesh

2018 ◽  
Vol 6 (1) ◽  
pp. 1-9 ◽  
Author(s):  
Jasia Tahzeeda ◽  
Mizan R. Khan ◽  
Raisa Bashar
Keyword(s):  
National Parks ◽  
Contingent Valuation Method ◽  
Consumer Surplus ◽  
Botanical Garden ◽  
Travel Cost ◽  
Pricing Policy ◽  
Goods And Services ◽  
Valuation Method ◽  
Valuation Technique ◽  
Non Market Valuation

AbstractThe main attractions of national parks include their scenic beauty, security, wildlife and trees. For preserving and maintaining national parks, an appropriate pricing policy can be used. The current study focuses on using the travel cost method (TCM) and contingent valuation method (CVM) as a non-market valuation technique to value the National Botanical Garden in Bangladesh, a developing country where little or no previous works of this kind has been conducted before. The main objective of the paper was to suggest an appropriate entrance fee for the park by assessing the willingness to pay (WTP) from the TCM and CVM; by determining a revenue maximizing entrance fee from the CVM; and by considering socio-demographics, the characteristics of visits and the motivation of the visitors to preserve the National Botanical Garden. The study sampled 100 visitors. These visitors participated in a survey which consisted of closed questions followed by a semi structured in-depth interview. For data processing, SPSS and Microsoft Excel were used. Based on the travel cost demand function using the TCM, the study found that the amount respondents were willing to pay for entrance was 0.955 US dollars and yearly consumer surplus was 593634.5 USD. From the CVM, it was estimated that the WTP was 0.225 USD for the entrance and revenue maximizing entrance fee was 0.376 USD. Finally, the entrance fee suggested for National Botanical Garden was around 0.225 USD.

Economic Value of Pavement for the Elderly: Case Study of Bangkok, Thailand

2018 ◽  
Vol 9 (11) ◽  
pp. 927-937
Author(s):  
Somskaow Bejranonda ◽  
◽  
Aekkapat Laksanacom ◽  
Waranan Tantiwat ◽  
◽  
...  
Keyword(s):  
Contingent Valuation Method ◽  
Economic Value ◽  
The Elderly ◽  
Pavement Management ◽  
Sustainable Urban Development ◽  
Public Facility ◽  
Average Value ◽  
Valuation Method ◽  
The People ◽  
The City

Based on the concept of a livable and global age-friendly city, pavements are a public facility that the city should provide to the people. Appropriate pavements will be beneficial for the people, particularly for good quality of life for the elderly to move around in the city. This study explored the behaviour of the elderly in the use of pavements and the problems confronted. The study also evaluated the value of the pavement walking area as it reflected the benefits of pavements to the elderly by applying the Contingent Valuation Method (CVM). During March-May 2017, data were collected using interviews with 601 elderly living in Bangkok. The study indicated that the main problem for senior citizens regarding their use of pavements was from being disturbed by motorbikes riding on the pavements. The average value of pavement for the elderly was about THB 160 (USD 5.30) per person per year. Thus, the benefits of pavements to the elderly in Bangkok was approximately THB 158 million (USD 5.2 million) per year. Thus, policy makers should make proper budget allocations for elderly-friendly pavement management and seriously address the problems confronting the elderly in using pavements, to maximize the usefulness of pavements not only for the elderly but also for the public and to support a sustainable urban development.

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