Changes in recreational use value - water quality, Cost Accounting

You perform a travel cost study that looks at the relationship between the cost of visiting a lake (including costs of travel, value of time spent not working & any entry fees), its water quality (measured by the concentration of fecal coliform bacteria) and the actual numbers of visitors.  Circle the categories of values (willingness-to-pay) that this method can potentially uncover for individuals (there may be more than one).

a. Changes in recreational use value related to planned improvements in water quality

 

Posted Date: 3/23/2013 5:43:59 AM | Location : United States







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