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- Title
Valuing Option, Existence, and Bequest Demands for Wilderness.
- Authors
Walsh, Richard G.; Loomis, John B.; Gillman, Richard A.
- Abstract
Wilderness resource economics has traditionally focused on the benefits and costs of recreation use. Several studies have estimated aspects of the demand for wilderness recreation (Smith and Kopp 1980; Wetzstein et al. 1982), particularly the effects of congestion on willingness to pay (Fisher and Krutilla 1972; Cicchetti and Smith 1973, 1976; Deyak and Smith 1978; Menz and Mullen 1981; Walsh and Gilliam 1982). Others have estimated the costs of wilderness recreation management and the opportunity costs of foregone motorized recreation, timber harvest, and mining (ORRRC 1962; Tyre 1975; Milton 1975; USDA 1978; Guildin 1980; Porter 1982). While the present paper also is concerned with the benefits and costs of wilderness recreation, it differs from earlier work by introducing public nonuse values to the analysis of wilderness designation. The purpose of this paper is to illustrate a procedure for estimating the preservation value of increments in wilderness protection using the contingent valuation approach.
- Publication
Land Economics, 1984, Vol 60, Issue 1, p14
- ISSN
0023-7639
- Publication type
Academic Journal
- DOI
10.2307/3146089