You are not logged in.

Estimating the economic value of Mount Buffalo National Park with the travel cost and contingent valuation models

Herath, Gamini and Kennedy, John 2004, Estimating the economic value of Mount Buffalo National Park with the travel cost and contingent valuation models, Tourism economics : the business and finance of tourism and recreation, vol. 10, no. 1, pp. 63-78.

Attached Files
Name Description MIMEType Size Downloads

Title Estimating the economic value of Mount Buffalo National Park with the travel cost and contingent valuation models
Author(s) Herath, Gamini
Kennedy, John
Journal name Tourism economics : the business and finance of tourism and recreation
Volume number 10
Issue number 1
Start page 63
End page 78
Publisher I P Publishing Ltd
Place of publication Brighton, England
Publication date 2004-03
ISSN 1354-8166
Keyword(s) travel cost method
contingent valuation method
consumer surplus
Summary The Mount Buffalo National Park is the oldest national park in Victoria, Australia. There has been a rapid increase in the number of visitors to the park during the last decade and park management has been a concern, especially in the light of declining budgetary allocations and potential damage due to the increased visitor numbers. Policy options to increase park revenue remain unclear because of a lack of information on demand parameters and user costs. This study estimates the economic value of the park using the travel cost method (TCM) and the contingent valuation method (CVM). The TCM gives higher consumer surplus (CS) than the CVM. The CS shows that the economic value of the park is high and that there are opportunities to introduce innovative fee schemes to enhance its revenue. Present entry fee systems do not capture the economic value of the park.
Language eng
Field of Research 140299 Applied Economics not elsewhere classified
HERDC Research category C1.1 Refereed article in a scholarly journal
Persistent URL http://hdl.handle.net/10536/DRO/DU:30004424

Document type: Journal Article
Collection: School of Accounting, Economics and Finance
Connect to link resolver
 
Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved.

Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 0 times in TR Web of Science
Scopus Citation Count Cited 31 times in Scopus
Google Scholar Search Google Scholar
Access Statistics: 585 Abstract Views, 0 File Downloads  -  Detailed Statistics
Created: Mon, 07 Jul 2008, 09:19:30 EST

Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.