2021
DOI: 10.1016/j.ecolecon.2021.107192
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Travel-cost method for assessing the monetary value of recreational services in the Ömerli Catchment

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Cited by 14 publications
(4 citation statements)
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“…The lack of the price tag and the absence of a trading market result in the difficulty in the evaluation of this non-market benefit ( Huhtala, 2017 ; Lavee and Menachem, 2018 ). The revealed and stated preference methods are two main methods, which are used for the evaluation of non-market benefits ( Cetin et al, 2021 ; Jala and Nandagiri, 2015 ; Pueyo-Ros et al, 2018 ). Among them, travel cost method (TCM) is widely used to analyse the real behaviour of respondents, which is a classic method for assessing the value of recreational resources by adding up the consumer surplus and actual travel expenses of consumers ( Li et al, 2009 ; Xu and He, 2022 ).…”
Section: Introductionmentioning
confidence: 99%
“…The lack of the price tag and the absence of a trading market result in the difficulty in the evaluation of this non-market benefit ( Huhtala, 2017 ; Lavee and Menachem, 2018 ). The revealed and stated preference methods are two main methods, which are used for the evaluation of non-market benefits ( Cetin et al, 2021 ; Jala and Nandagiri, 2015 ; Pueyo-Ros et al, 2018 ). Among them, travel cost method (TCM) is widely used to analyse the real behaviour of respondents, which is a classic method for assessing the value of recreational resources by adding up the consumer surplus and actual travel expenses of consumers ( Li et al, 2009 ; Xu and He, 2022 ).…”
Section: Introductionmentioning
confidence: 99%
“…There are generally two ways to quantify the ESVs [ 8 ]: one is based on the unit price of ecological products, using the shadow engineering method, market price method, carbon tax method, and other methods to calculate the ESVs [ 9 , 10 , 11 , 12 ]. This method has high data requirements, complex calculations, and thus a unified and versatile evaluation standard is difficult to achieve.…”
Section: Introductionmentioning
confidence: 99%
“…This theoretical approach, based on the principle that all goods have their own features or attributes, takes into account the utility (i.e., the level of satisfaction) provided by each attribute associated with the consumption of given quantities of the goods (Monica et al, 2008;Baker and Ruting, 2014). Generally, value estimation models make use of direct or stated preferences such as contingent valuation (Champ et al, 2005;Tao et al, 2012;Cook et al, 2020) and choice experiment approaches (Scarpa et al, 2007;Shen et al, 2015;Alcon et al, 2020;Andrews et al, 2021;Ureta et al, 2021) and indirect or revelated preferences such as hedonic price (Lansford and Jones, 1995;Sander and Haight, 2012;Catma, 2020;Moore et al, 2020), travel cost (Alberini and Longo, 2006;Bertram and Larondelle, 2017;Cetin et al, 2021;Mäntymaa et al, 2021), and defensive expenditure models (Costanza et al, 2008;Zhang and Mu, 2018;Akmal and Jamil, 2021).…”
Section: Introductionmentioning
confidence: 99%