Preprint Article Version 1 This version is not peer-reviewed

Valuing Recreation Benefits of Natural Springs in Florida

Version 1 : Received: 19 August 2018 / Approved: 20 August 2018 / Online: 20 August 2018 (05:37:01 CEST)

A peer-reviewed article of this Preprint also exists.

Wu, Q.; Bi, X.; Grogan, K.A.; Borisova, T. Valuing the Recreation Benefits of Natural Springs in Florida. Water 2018, 10, 1379. Wu, Q.; Bi, X.; Grogan, K.A.; Borisova, T. Valuing the Recreation Benefits of Natural Springs in Florida. Water 2018, 10, 1379.

Journal reference: Water 2018, 10, 1379
DOI: 10.3390/w10101379

Abstract

Fresh water springs are unique natural resources in Florida, currently under threat from increasing groundwater pumping and pollution resulting from a variety of sources. This paper estimates current recreation benefits from visiting springs using the travel cost method and elicits residents’ willingness to contribute for springs restoration using the contingent valuation method. It further compares the performance of count data models correcting for endogenous stratification and truncation, and finds that the annual consumer surplus per person per trip is between $20 and $43. Furthermore, visitors are willing to contribute $12 to $14 per person per trip for springs restoration without reducing trip demand.

Subject Areas

travel cost method (TCM); contingent valuation (CV); consumer surplus (CS); willingness to pay (WTP); endogenous stratification; springs

Comments (0)

We encourage comments and feedback from a broad range of readers. See criteria for comments and our diversity statement.

Leave a public comment
Send a private comment to the author(s)
Views 0
Downloads 0
Comments 0
Metrics 0


×
Alerts
Notify me about updates to this article or when a peer-reviewed version is published.