Abstract
The travel cost method was used to estimate the economic value of seven major power boating resources in Pennsylvania. A significant relationship between number of visitor trips and cost per visitor trip existed for five of the seven water bodies. The annual total value for those five resources was $396 million, which was 2.5 times greater than the total out-of-pocket expenditures of approximately $157 million visitors spent to visit them. Research results can help resource managers plan and craft programs and policies that are founded on economic values of the natural resources involved.
| Original language | English |
|---|---|
| Pages (from-to) | 339-348 |
| Number of pages | 10 |
| Journal | Environmental Management |
| Volume | 26 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Sept 2000 |
Keywords
- Economic values
- Pennsylvania
- Power boating
- Recreation
- Travel cost method
- Visitor trips