OLS : Record


Main Title Utility Analysis in the Valuation of Extra-Market Benefits with Particular Reference to Water-Based Recreation.
Author Sinden., J. A.;
CORP Author Oregon State Univ., Corvallis. Water Resources Research Inst.
Year Published 1973
Report Number WRRI-17; OWRR-B-017-MASS; W74-07150 ; OWRR-B-017-MASS(2)
Stock Number PB-231 701
Subjects Recreation; Benefit cost analysis; Relaxation(Physiology); Fishing; Swimming; Lakes; Reservoirs; Rivers; Esthetics; Regression analysis; Surveys; Opinions; Camping; Leisure time
Library   Call Number Additional Info Location Date Modified
NTIS PB-231 701 Most EPA libraries have a fiche copy filed under the call number shown. Check with individual libraries about paper copy. NTIS 06/23/1988
Collation 136p
Abstract The travel-cost method used to value extra-market benefits implicitly assumes that all users have identical tastes. An alternative approach is suggested which uses a photo-choice game to yield estimates of users' preferences in valuating these benefits. Data showing the utility of this approach is collected from 189 reservoir and adjacent resource users in the Cascade Mountains of Oregon and includes estimates of tastes and socio-economic characteristics. Tastes were measured as the willingness of user to expend additional time or money using one of the choices in the photo-choice game to obtain cardinal estimates of preferences. Modified demand functions were estimated for ten activities with distance as a proxy for price, and tastes as the independent variables. Benefits under this method equal the area under the demand curve. Alternatively, it is suggested that benefits from each of these activities can be determined using indifference curve analysis. Utility maps were generated using the Ramsey method of utility estimation. Demand curves were generated from the indifference curve and benefits calculated. Finally, indifference curves are used to estimate option demand. Option demand curves can be used to value benefits which can arise from potential future activities. (Author)
Supplementary Notes Prepared by Massachusetts Univ., Amherst. Water Resources Research Center.
Highlights Notes Presents a methodology for determining the extra-market benefits of recreational facilities by evaluating preferences and tastes of users.
NTIS Title Notes Research rept..
PUB Date Free Form Mar 73
Category Codes 5K; 92C; 91H#
NTIS Prices PC A07/MF A01
Document Type NT
Control Number 326589589
Cataloging Source NTIS/MT
Origin NTIS
Type CAT