linking recreation demand and willingness to pay with the inclusive value l.
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Linking Recreation Demand and Willingness to Pay with the Inclusive Value. John C. Whitehead, Peter A. Groothuis, Rob Southwick. Whitehead (1995a, 1995b). X = a 0 + a 1 C + a 2 Q + a 3 Y WTP( D Q) = b 0 + b 1 C + b 2 D Q + b 3 Y where b 1 ≈ D X if b 1 =0, then WTP = nonuse value

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linking recreation demand and willingness to pay with the inclusive value

Linking Recreation Demand and Willingness to Pay with the Inclusive Value

John C. Whitehead, Peter A. Groothuis, Rob Southwick

whitehead 1995a 1995b
Whitehead (1995a, 1995b)
  • X = a0 + a1C + a2Q + a3Y
  • WTP(DQ) = b0 + b1C + b2DQ + b3Y
    • where b1≈DX
    • if b1=0, thenWTP = nonuse value
  • Huang, Haab and Whitehead (1997) …
whitehead 2005
Whitehead (2005)
  • When C is hard to measure (multiple sites, access points, etc)
  • WTP(DQ) = g0 + g1DX + g2DQ + g3Y
  • DX = f(DQ,Y,Z)
  • Identification of DX is a hassle …
sample
Sample
  • Fishing and Hunting license holders in the watershed
  • 22% response rate
  • n = 251 license holders
  • General population sample …
typical trip rum
Typical Trip RUM

No trip

46%

Iosco

6%

Arenac

7%

Bay

25%

Huron

9%

Tuscola

6%

wtp 0
WTP > 0?
  • Would you be willing to make a one-time donation of money to the Saginaw Bay Coastal Marsh Trust Fund within the next 12 months?
wtp a
WTP > A?
  • If about 1 percent (1 in 100) of all households in Michigan made a one-time donation of $A, the Trust Fund would have enough money to purchase and manage X acres of coastal marshes.
  • Remember, if you made a one-time donation of $A into the Trust Fund, you would have $A less to spend on other things.
  • Also remember that protected marsh would no longer be available for conversion to other uses.
  • Would you be willing to make a one-time donation of money to the Saginaw Bay Coastal Marsh Trust Fund within the next 12 months?
conclusions
Conclusions
  • Recreation nonusers hold nonuse values
  • Recreation users do not hold nonuse values.
  • Much of the willingness to pay estimate is comprised of nonuse values and the additivity assumption adopted by Whitehead et al. (2006) is appropriate
future research
Future Research
  • Other applications …
  • NC beach recreation (2003 data): inclusive value is positive and statistically statistic but offers no improvement over minimum travel cost