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On the Aggregate Value of Recreational Activities: A Nested Price Index Approach Using Poisson Demand Systems |
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| Authors: | Janet Lutz Jeffrey Englin J Scott Shonkwiler |
| Institution: | (1) Triangle Economic Research, 1000 Park Forty Plaza, Suite 200, Durham, NC, 27713;(2) Department of Applied Economics and Statistics, University of Nevada, Reno, Reno, NV, 89557 |
| Abstract: | An important consideration in the development ofregulations and policies that administer naturalresources in an area is the value of the non-marketactivities supported by those lands. Little attentionhas been paid to the aggregate value of largegeographic areas. This analysis builds autility-theoretic price index and utilizes this indexto estimate an aggregate Poisson demand to valuebackcountry recreational hiking opportunities innorthern California. |
| Keywords: | aggregate demand aggregate welfare green accounting non-market valuation |
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