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Full-Text Articles in Natural Resource Economics
Estimating The Recreational Value Of Portland’S Forest Park, Randall Bluffstone, Ryan Burchett, Kahtan Eiwaz, Emma Ingebretsen, Peter Schaffer, Steve Toth, Szeto Yan Weng, Jordan Drinkhouse, Dat Huynh, Charles Maxwell, Joel Schutte, Tiffany Tram, Thananan Yupparit
Estimating The Recreational Value Of Portland’S Forest Park, Randall Bluffstone, Ryan Burchett, Kahtan Eiwaz, Emma Ingebretsen, Peter Schaffer, Steve Toth, Szeto Yan Weng, Jordan Drinkhouse, Dat Huynh, Charles Maxwell, Joel Schutte, Tiffany Tram, Thananan Yupparit
Economics Faculty Publications and Presentations
Using the travel cost method, this study estimates the per-trip value and total annual value of recreational visits to Portland’s Forest Park. Based on the opportunity cost of visitors’ time and the estimated costs of travel, we derive a demand function for visits to Forest Park on the assumption that visitors value their trips to Forest Park at least as highly as the alternative uses of their time and money. The Portland Parks and Recreation Department supplied survey data for 2277 Forest Park visitors, of which we use 1626 observations.
We find that a truncated negative binomial regression best fits …