Abstract
The individual travel cost method is one of the most commonly applied approaches to estimating the recreational value (or `consumer surplus') of open-access sites where the visitor does not have to pay an entrance charge for using the area. This paper presents a simple application of the method conducted using geographical information system (GIS) software. This approach permits analysis of the impact of various, commonly used, assumptions concerning the definition of visitor outset origins and routing to recreation sites. Results suggest that varying these assumptions can lead to substantial impacts upon estimates of consumer surplus to the extent that previously published studies may be subject to substantial error.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
