Empirical evidence for large nonmarket values for water resources: TCM benefits estimates for Lake Powell
by Aaron J. Douglas, Richard L. Johnson
International Journal of Water (IJW), Vol. 2, No. 4, 2004

Abstract: The wide acceptance of travel cost method (TCM) nonmarket benefits estimates rests, in part, on the fact that it deploys data on actual expenditures – as opposed to hypothetical behaviour – to estimate benefits conferred. The data for the current analysis was gathered from a survey that was distributed on-site at Lake Powell in 1997. The Lake Powell survey data indicates that aggregate recreation expenditures for Lake Powell trips were a remarkable $291 million in 1997. Hence, TCM benefits estimates for Lake Powell are also notably high. We explore several policy and management implications of our estimates including the light these high values shed on recent large and highly controversial CVM benefits estimates at water based sites.

Online publication date: Tue, 12-Oct-2004

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Water (IJW):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com