Economic Analysis of Recreation Access at a Lake Facing Water Crisis due to Municipal Water Demand

Darby, Zachary; Poudyal, Neelam C.; Frakes, Adam; Joshi, Omkar

doi:10.1007/s11269-021-02876-6

Cited by 8 publications

(9 citation statements)

References 28 publications

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“…The study employs a travel cost model to estimate the recreation demand for waterrelated activities at the pilot site [32,33]. The travel cost method has been applied successfully several times in the Czech Republic in the context of outdoor recreation not related to water ecosystems [30,[34][35][36]; several travel cost studies worldwide have focused on water recreation activities at water bodies and dams, e.g., [5]. The analysis focuses on modelling the preferences of visitors that affect visitation of the pilot site using the recreation demand function.…”

Section: Modelling Approachmentioning

confidence: 99%

“…Biophysical models and economic data on the social benefits related to these functions are typically relatively available to researchers and water managers. Only very limited attention has been paid to other water dam purposes and effects such as recreation [2,5], health impacts related to water quantity and quality, [6] or the contribution to environmental quality, e.g., through sediment evacuation [7]. These water reservoir functions represent ecosystem services that are not traded or directly related to the market but are free to enjoy and therefore more difficult to assess and their estimates are less available [5].…”

Section: Introductionmentioning

confidence: 99%

“…Only very limited attention has been paid to other water dam purposes and effects such as recreation [2,5], health impacts related to water quantity and quality, [6] or the contribution to environmental quality, e.g., through sediment evacuation [7]. These water reservoir functions represent ecosystem services that are not traded or directly related to the market but are free to enjoy and therefore more difficult to assess and their estimates are less available [5]. Due to the lack of evidence on these benefits, water management decisions usually stem from an incomplete view of distribution of societal welfare provided by the water reservoir across various purposes and users.…”

Section: Introductionmentioning

confidence: 99%

“…Among the value estimates related to water, only a negligible fraction are values of the recreation ecosystem service of water reservoirs, dams, or lakes. Several studies that estimate how much a water body is worth to its visitors have been carried out in the USA [5,16,17]. In Europe, most of the existing valuation research has provided less complex results.…”

Section: Introductionmentioning

confidence: 99%

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How Important for Society Is Recreation Provided by Multi-Purpose Water Reservoirs? Welfare Analysis of the Vltava River Reservoir System

Mácová

Kozáková

2023

Water

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Contrary to the other functions of multi-purpose reservoirs, recreational use is not associated with a tangible social value, which hinders the search for new balances among optimal uses of water that will likely be needed under climate change. The objective of this study is to analyze visitation behavior and its patterns at a large-scale reservoir system on the Vltava River to quantify the total social benefits associated with recreation in monetary terms and to suggest how the magnitude of estimated recreation welfare relates to hydro-energy benefits, which are in usual practice taken much more into account than recreation in the strategic management of water dams. The elicited average consumer surplus per person and trip is EUR 55.7, which yields a total yearly recreation value of EUR 34 billion (ranging between 22 and 57). When compared to, e.g., the social value of hydro-energy generation, the actual yearly recreation welfare represents 1/3 of this nowadays more prioritized use. The results of the study bring new information for water management bodies that has been missing up to now, and they bring new arguments for reaching socially optimal water use in the strategic and operational management of the cascade of dams. From this perspective, the actual strategic relative prioritization of these two reservoir functions at the pilot site may be viewed as rational.

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Section: Modelling Approachmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

How Important for Society Is Recreation Provided by Multi-Purpose Water Reservoirs? Welfare Analysis of the Vltava River Reservoir System

Mácová

Kozáková

2023

Water

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“…Its important pillar is 3C (communication, computer, and control) technology. Its wide application will promote the rapid development of social productivity and lead to profound changes in social life [1]. e characteristics of traditional economic information management are wide range of information sources, large amount of information, diverse but not complex ways and means of information processing, and often only elementary mathematical knowledge is enough.…”

Section: Introductionmentioning

confidence: 99%

Application of Neural Network Sample Training Algorithm in Economic Information Management System

Wang¹

2022

Mobile Information Systems

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In order to make up for the shortcomings of traditional financial evaluation, this paper proposes a method of enterprise comprehensive performance evaluation system based on the balanced scorecard method and BP artificial neural network model. This method focuses on the application methods and steps of BP artificial neural network model in enterprise comprehensive performance evaluation system. In addition, it also makes a detailed study on the initial weight and threshold assignment of the BP network, the selection of training samples, the determination of hidden layer, the convergence of network, and so on. The experimental results show that this method verifies the comprehensive performance evaluation results of 15 manufacturers, and the results are 4 excellent, 5 good, 3 average, 2 poor, and 1 very poor. This method effectively reduces the limitations of enterprise comprehensive performance evaluation by introducing nonfinancial evaluation indicators.

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Valuing Angling on Reservoirs Using Benefit Transfer

Melstrom

Kaemingk

Cole

et al. 2022

N American J Fish Manag

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Economic assessments are rarely applied to inland recreational fisheries for management purposes, especially when compared to fish, habitat, and creel assessments, yet economic assessments can provide critical information for management decisions. We provide a brief overview of economic value, key terminology, and existing economic techniques to address these issues. Benefit transfer, a technique used to measure economic value when an original analysis is not practicable, is conducted by drawing on existing estimates of economic value in similar contexts. We describe an application of benefit transfer to measure the economic value of several recreational fisheries in Nebraska, USA. We examine two approaches to benefit transfer-value transfer and function transfer-which we demonstrate estimate similar economic values for fishing site access but substantially different economic values for catch rate improvements at some reservoirs. We encourage agencies that are responsible for inland recreational fisheries management to consider economic assessment, especially benefit transfer, as a critical tool in the management toolbox.

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Economic Analysis of Recreation Access at a Lake Facing Water Crisis due to Municipal Water Demand

Cited by 8 publications

References 28 publications

How Important for Society Is Recreation Provided by Multi-Purpose Water Reservoirs? Welfare Analysis of the Vltava River Reservoir System

How Important for Society Is Recreation Provided by Multi-Purpose Water Reservoirs? Welfare Analysis of the Vltava River Reservoir System

Application of Neural Network Sample Training Algorithm in Economic Information Management System

Valuing Angling on Reservoirs Using Benefit Transfer

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