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Wilderness Canoeing in Ontario: Using Cumulative Results to Update Dichotomous Choice Contingent Valuation Offer Amounts
Author(s) -
Rollins Kimberly
Publication year - 1997
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.1997.tb00155.x
Subject(s) - contingent valuation , wilderness , payment , willingness to pay , wilderness area , valuation (finance) , econometrics , economics , payment card , actuarial science , statistics , environmental science , mathematics , microeconomics , ecology , finance , biology
This study used cumulative results to update the distributions from which offer amounts were drawn in a dichotomous choice contingent valuation of user benefits from wilderness canoeing in Ontario's wilderness parks. An empirical model demonstrates the efficiency gains from using this procedure. Results allow comparison of variation in average daily willingness to pay (WTP) by trip length, indicating decreasing average benefits per trip‐day. Two payment vehicles were used. Canoeists indicated ranges of WTPs which conformed to expected hypotheses when the payment vehicle was an increase in general trip costs. However, the same respondents indicated an upper bound on WTP when the payment vehicle was an increase in the provincial park backcountry permit price.