Abstract
An important consideration in the development of regulations and policies that administer natural resources in an area is the value of the non-market activities supported by those lands. Little attention has been paid to the aggregate value of large geographic areas. This analysis builds a utility-theoretic price index and utilizes this index to estimate an aggregate Poisson demand to value backcountry recreational hiking opportunities in northern California.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 217-226 |
| Number of pages | 10 |
| Journal | Environmental and Resource Economics |
| Volume | 15 |
| Issue number | 3 |
| DOIs | |
| State | Published - 2000 |
| Externally published | Yes |
Keywords
- Aggregate demand
- Aggregate welfare
- Green accounting
- Non-market valuation
ASJC Scopus subject areas
- Economics and Econometrics
- Management, Monitoring, Policy and Law
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