Alaya Spencer-Cotton, Marit E. Kragt, Michael Burton
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引用次数: 0
Abstract
The remote and iconic Kimberley region, in northern Western Australia, is a contested landscape with growing pressure for different types of land use and development. The region has high biodiversity values and impressive scenery that provide attractive recreation experiences for visitors. We estimate the value of domestic recreation to the region using a travel cost model. Analysis includes two approaches for accounting for multi-destination trips (MDTs) given travel to remote sites are more likely to include these than shorter trips, and four specifications for the value of travel time. We estimate a total consumer surplus of A$110.34 million annually and find that adjusting travel costs for MDTs using stated survey information produces a better fitting model than using revealed travel information. These findings highlight both the importance of estimating recreation values for use in land use planning in the Kimberley and for improving the travel cost method for remote sites where per-trip travel costs are high.
期刊介绍:
The Australian Journal of Agricultural and Resource Economics (AJARE) provides a forum for innovative and scholarly work in agricultural and resource economics. First published in 1997, the Journal succeeds the Australian Journal of Agricultural Economics and the Review of Marketing and Agricultural Economics, upholding the tradition of these long-established journals.
Accordingly, the editors are guided by the following objectives:
-To maintain a high standard of analytical rigour offering sufficient variety of content so as to appeal to a broad spectrum of both academic and professional economists and policymakers.
-In maintaining the tradition of its predecessor journals, to combine articles with policy reviews and surveys of key analytical issues in agricultural and resource economics.