TY - JOUR
T1 - A hedonic travel cost analysis for valuation of multiple components of site quality
T2 - The recreation value of forest management
AU - Englin, Jeffrey
AU - Mendelsohn, Robert
N1 - Funding Information:
‘The authors are, respectively, a senior research economist at Battelle Pacific Northwest Laboratories and a professor at Yale University. This project was funded by the U.S. Forest Service under RFP-64-83 and the Sloan Regulation of Natural Resources grant to the University of Washington. We thank Gardner M. Brown, Jr., Myrick Freeman, and two anonymous referees for their helpful comments. The views expressed are the authors’ alone. *For a review of studies which have valued site quality, see Bockstael et al. [1] and Mendelsohn [12].
PY - 1991/11
Y1 - 1991/11
N2 - One benefit of managing forests is that one can alter the qualities of sites. The value of changing site qualities, however, is generally not known. This paper develops a formal hedonic travel cost model which can be used to estimate the value of both marginal and non-marginal changes to sites. The approach accommodates multiple simultaneous changes in site characteristics. Estimating this model using a set of permits from wilderness areas leads to revealed preference estimates of the recreational value of clear-cuts, old-growth, and nine other wilderness attributes.
AB - One benefit of managing forests is that one can alter the qualities of sites. The value of changing site qualities, however, is generally not known. This paper develops a formal hedonic travel cost model which can be used to estimate the value of both marginal and non-marginal changes to sites. The approach accommodates multiple simultaneous changes in site characteristics. Estimating this model using a set of permits from wilderness areas leads to revealed preference estimates of the recreational value of clear-cuts, old-growth, and nine other wilderness attributes.
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U2 - 10.1016/0095-0696(91)90031-D
DO - 10.1016/0095-0696(91)90031-D
M3 - Article
AN - SCOPUS:0000465551
VL - 21
SP - 275
EP - 290
JO - Journal of Environmental Economics and Management
JF - Journal of Environmental Economics and Management
SN - 0095-0696
IS - 3
ER -