Premium
The Recreational Value of In‐Stream Flows
Author(s) -
COCKLIN CHRIS,
FRASER IAIN,
HARTE MICHAEL
Publication year - 1994
Publication title -
new zealand geographer
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.335
H-Index - 25
eISSN - 1745-7939
pISSN - 0028-8144
DOI - 10.1111/j.1745-7939.1994.tb00397.x
Subject(s) - recreation , valuation (finance) , electricity market , business , geography , electricity , natural resource economics , environmental science , economics , finance , ecology , engineering , electrical engineering , biology
The decision in 1988 by the Rangitikei‐Wanganui Catchment Board to allocate flows away from use for electricity generation into recreation use brought into focus the conflict between market and non‐market valuation of river uses. The travel cost method (TCM) of non‐market valuation is used to estimate the in‐stream recreation values of the Upper Wanganui and Whakapapa rivers.