The Importance of Sample Discrimination in Using the Travel Cost Method to Estimate the Benefits of Improved Water Quality
The travel cost method is a widely used technique for the valuation of recreation sites in the absence of organized markets. While it has been shown theoretically (Freeman 1979; Feenberg and Mills 1980) and empirically (Stevens 1966; Reiling et al. 1973) how travel cost can also be used to estimate the benefits from an improvement in environmental quality at a recreation site, the method is faced with a basic problem. Suppose the quality of recreation at a site has become degraded by pollution to the extent that many recreationists have shifted their water recreation to other substitute sites.
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- Artigo com revisão pelos pares e teses universitárias
- Economia, Comércio e Medidas de Incentivo
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