A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Valuing the Recreation Benefits of Natural Springs in Florida
Karst springs are scenic natural resources in karst areas of Florida, currently under threat from increasing groundwater withdrawal from the Floridan Aquifer and pollution resulting from a variety of sources. This paper estimates the current recreation benefits from visiting springs using the travel cost method and elicits residents’ willingness to contribute for springs restoration using the contingent valuation method. It further compares the performance of count data models correcting for endogenous stratification and truncation, and finds that the annual consumer surplus per person per trip is between $20 and $43, and the annual total recreational value for the four springs studied is about $25 million. Furthermore, visitors are willing to contribute $12 to $14 per person per trip for springs restoration without reducing trip demand.
Valuing the Recreation Benefits of Natural Springs in Florida
Karst springs are scenic natural resources in karst areas of Florida, currently under threat from increasing groundwater withdrawal from the Floridan Aquifer and pollution resulting from a variety of sources. This paper estimates the current recreation benefits from visiting springs using the travel cost method and elicits residents’ willingness to contribute for springs restoration using the contingent valuation method. It further compares the performance of count data models correcting for endogenous stratification and truncation, and finds that the annual consumer surplus per person per trip is between $20 and $43, and the annual total recreational value for the four springs studied is about $25 million. Furthermore, visitors are willing to contribute $12 to $14 per person per trip for springs restoration without reducing trip demand.
Valuing the Recreation Benefits of Natural Springs in Florida
Qianyan Wu (author) / Xiang Bi (author) / Kelly A. Grogan (author) / Tatiana Borisova (author)
2018
Article (Journal)
Electronic Resource
Unknown
Metadata by DOAJ is licensed under CC BY-SA 1.0
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