A hedonic travel cost analysis for valuation of multiple components of site quality: The recreation value of forest management

Jeffrey Englin, Robert Mendelsohn

Research output: Contribution to journalArticlepeer-review

66 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)275-290
Number of pages16
JournalJournal of Environmental Economics and Management
Volume21
Issue number3
DOIs
StatePublished - Nov 1991
Externally publishedYes

ASJC Scopus subject areas

  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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