Valuation of Cultural and Natural Resources in North Cascades National Park
Author(s) -
Robert W. Turner,
Blake Willmarth
Publication year - 2014
Publication title -
sage open
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.357
H-Index - 32
ISSN - 2158-2440
DOI - 10.1177/2158244014528916
Subject(s) - tournament , respondent , valuation (finance) , natural resource , national park , contingent valuation , value (mathematics) , economics , willingness to pay , public economics , marketing , environmental resource management , geography , microeconomics , business , statistics , political science , mathematics , law , archaeology , finance , combinatorics
We present the results of a new, tournament-style design of acontingent choice survey about management options at North Cascades National Park(NCNP). In our tournament-style survey, each respondent explicitly ranks several sets ofscenarios and, in addition, several other rankings are implicit. Inclusion of theimplicit rankings leads to some differences in coefficient estimates but almost nodifferences in valuation measures. This suggests that the tournament-style format canincrease the efficiency of estimates, although further investigation is needed. We findstrong evidence of nonuse values for both cultural and natural resource protection;indeed, nonuse values seem to dominate preferences even for those who have visited NCNP.We further find that respondents in general seem to value the protection of naturalresources more than the protection of cultural resources, although both arevaluable
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