Valuing the Recreation Uses of Natural Resources: The Travel Cost Method

Many available statistics provide evidence that outdoor recreation in Florida generates economic value, but these data do not capture the full recreation value of Florida’s natural resources. The Travel Cost Method (TCM) approach may be applied in cost-benefit analysis and in natural resource damag...

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Main Author: Elizabeth F. Pienaar
Format: Article
Language:English
Published: The University of Florida George A. Smathers Libraries 2014-03-01
Series:EDIS
Subjects:
Online Access:https://journals.flvc.org/edis/article/view/131488
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author Elizabeth F. Pienaar
author_facet Elizabeth F. Pienaar
author_sort Elizabeth F. Pienaar
collection DOAJ
description Many available statistics provide evidence that outdoor recreation in Florida generates economic value, but these data do not capture the full recreation value of Florida’s natural resources. The Travel Cost Method (TCM) approach may be applied in cost-benefit analysis and in natural resource damage assessments where recreation values are relevant. This 8-page fact sheet summarizes and synthesizes economic texts on TCM and provides an overview of a case study in which the TCM was used to estimate the nature-based recreation use value of the Apalachicola River Region in Florida. Written by Elizabeth F. Pienaar and published by the UF Department of Wildlife Ecology and Conservation, January 2014. WEC341/UW386: Valuing the Recreation Uses of Natural Resources: The Travel Cost Method (ufl.edu)
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spelling doaj-art-47effa6ab3eb46cd9f62163c320067382025-02-08T06:01:43ZengThe University of Florida George A. Smathers LibrariesEDIS2576-00092014-03-0120142Valuing the Recreation Uses of Natural Resources: The Travel Cost MethodElizabeth F. Pienaar0University of Florida Many available statistics provide evidence that outdoor recreation in Florida generates economic value, but these data do not capture the full recreation value of Florida’s natural resources. The Travel Cost Method (TCM) approach may be applied in cost-benefit analysis and in natural resource damage assessments where recreation values are relevant. This 8-page fact sheet summarizes and synthesizes economic texts on TCM and provides an overview of a case study in which the TCM was used to estimate the nature-based recreation use value of the Apalachicola River Region in Florida. Written by Elizabeth F. Pienaar and published by the UF Department of Wildlife Ecology and Conservation, January 2014. WEC341/UW386: Valuing the Recreation Uses of Natural Resources: The Travel Cost Method (ufl.edu) https://journals.flvc.org/edis/article/view/131488UW386
spellingShingle Elizabeth F. Pienaar
Valuing the Recreation Uses of Natural Resources: The Travel Cost Method
EDIS
UW386
title Valuing the Recreation Uses of Natural Resources: The Travel Cost Method
title_full Valuing the Recreation Uses of Natural Resources: The Travel Cost Method
title_fullStr Valuing the Recreation Uses of Natural Resources: The Travel Cost Method
title_full_unstemmed Valuing the Recreation Uses of Natural Resources: The Travel Cost Method
title_short Valuing the Recreation Uses of Natural Resources: The Travel Cost Method
title_sort valuing the recreation uses of natural resources the travel cost method
topic UW386
url https://journals.flvc.org/edis/article/view/131488
work_keys_str_mv AT elizabethfpienaar valuingtherecreationusesofnaturalresourcesthetravelcostmethod