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The Role of Expectations and Heterogeneous Preferences for Congestion in the Valuation of Recreation Benefits
1997
Agricultural and Resource Economics Review
Studies of recreation congestion generally utilize nonmarket valuation techniques to determine the use level and entrance price that maximize aggregate recreation benefits for a specific recreation area. This paper improves upon these previous studies by relaxing the assumption of homogeneous preferences among visitors of the same recreation area and accounting for visitor expectations of congestion. The results indicate that failing to account for heterogeneous preferences for congestion by
doi:10.1017/s106828050000263x
fatcat:uqweglggyzayringeuafgow2fa