Estimating Consumer Surplus for Recreational Sea Fishing using Individual Travel Cost Method

economic evaluation of recreational value of choghakhor wetland, using travel cost method

outdoor recreation refers to various recreational activities, closely associated with natural environments. wetlands are the ecosystems which provide numerous goods and services with economic values, not only to the local population living in their periphery but also to communities living outside wetland. furthermore, wetlands provide some opportunities and amenities for human society’s well-be...

A Quality-Adjusted Cost Index for Estimating Future Consumer Surplus from Innovation

This paper describes a model for estimating, in a probabilistic framework, expected future consumer surplus from planned new product innovations. The model has been applied to estimations of taxpayer benefits from NASA's New Millenium Program (NMP), which develops new technologies for space science, and to the digital data storage technologies being supported by the Department of Commerce's Adv...

An examination of sources of sensitivity of consumer surplus estimates in travel cost models.

We examine sensitivity of estimates of recreation demand using the Travel Cost Method (TCM) to four factors. Three of the four have been routinely and widely discussed in the TCM literature: a) Poisson verses negative binomial regression; b) application of Englin correction to account for endogenous stratification; c) truncation of the data set to eliminate outliers. A fourth issue we address h...

Estimating the economic value of Khorram Abad Falak al-Aflak castle by regional travel cost method

Investigating the economic value of tourism areas is one of the topics of interest in studies of tourism economics. Investigating the economic value of recreational areas in terms of cost-benefit policy-making and tourism analysis is essential. The purpose of this study was to estimate the economic value of Falak al-Aflak castle of Khorram Abad by regional travel cost method. The research metho...

The Recreational Fishing Value of Sea Lamprey Control: Project Overview