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Linking Recreation Demand and Willingness to Pay with the Inclusive Value

Linking Recreation Demand and Willingness to Pay with the Inclusive Value. John C. Whitehead, Peter A. Groothuis, Rob Southwick. Whitehead (1995a, 1995b). X = a 0 + a 1 C + a 2 Q + a 3 Y WTP( D Q) = b 0 + b 1 C + b 2 D Q + b 3 Y where b 1 ? D X if b 1 =0, then WTP = nonuse value

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Chapter 2

Chapter 2. Identifying and Estimating Costs and Benefits. Which Costs and Benefits to Measure?. Controllability : Cost or benefit that changes because of the decision Measured relative to status quo

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532 views • 30 slides

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Linking Recreation Demand and Willingness to Pay with the Inclusive Value

Chapter 2