Contingent Valuation And Recreational Demand
A contingent valuation model is developed to estimate the value of the recreational experience for visitors to Reelfoot Lake in northwestern Tennessee. Hicksian compensating variation measures of consumer surplus were estimated. Individual willingness-to-pay and aggregate willingness-to-pay were cal...
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| Veröffentlicht in: | Journal of applied business research 2011-10, Vol.7 (3), p.116 |
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| Hauptverfasser: | , , |
| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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| Zusammenfassung: | A contingent valuation model is developed to estimate the value of the recreational experience for visitors to Reelfoot Lake in northwestern Tennessee. Hicksian compensating variation measures of consumer surplus were estimated. Individual willingness-to-pay and aggregate willingness-to-pay were calculated for the lake. |
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| ISSN: | 0892-7626 2157-8834 |
| DOI: | 10.19030/jabr.v7i3.6234 |