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Statistical estimate of the demand for and value of outdoor recreation in the Sawtooth Valley and Mountain area, Idaho. USDS FS Project no. 44-297 Item Info

Outdoor recreation continues to increase as a major use of the natural resource base in the Sawtooth Valley and Mountain Area of southcentral Idaho. Rational resource allocation decisions require know ledge of the value resources have in alternative uses. A study was conducted during the summer recreational season to obtain the necessary information to statistically estimate the demand for and net economic value of recreation in the Sawtooth area. An ordinary least squares regression estimating procedure was employed to obtain the statistical demand estimate. The consumer's surplus approach was utilized to impute the net economic value of recreation. An aggregate consumer's surplus value of $2,627,813 was derived as an average value of $3.73 per visitor day. Despite the inherent limitations associated with recreational values imputed from recreational demand curves, the values derived therefrom potentially afford a valuable decision-making tool. Comparing all proposed recreational developments on a standardized basis provides a framework for more objective economic assessments of future recreational resource allocations of the natural resource base.

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Title:
Statistical estimate of the demand for and value of outdoor recreation in the Sawtooth Valley and Mountain area, Idaho. USDS FS Project no. 44-297
Authors:
Gilmour Jr., Campbell M.
Date Created (ISO Standard):
1973-05
Description:
Outdoor recreation continues to increase as a major use of the natural resource base in the Sawtooth Valley and Mountain Area of southcentral Idaho. Rational resource allocation decisions require know ledge of the value resources have in alternative uses. A study was conducted during the summer recreational season to obtain the necessary information to statistically estimate the demand for and net economic value of recreation in the Sawtooth area. An ordinary least squares regression estimating procedure was employed to obtain the statistical demand estimate. The consumer's surplus approach was utilized to impute the net economic value of recreation. An aggregate consumer's surplus value of $2,627,813 was derived as an average value of $3.73 per visitor day. Despite the inherent limitations associated with recreational values imputed from recreational demand curves, the values derived therefrom potentially afford a valuable decision-making tool. Comparing all proposed recreational developments on a standardized basis provides a framework for more objective economic assessments of future recreational resource allocations of the natural resource base.
Subjects:
recreation economic yield
Location:
Sawtooth Valley
Latitude:
43.88
Longitude:
-114.83
Collection:
IWRRI
IWRRI number:
197316
Rights:
Rights to the digital resource are held by the University of Idaho. http://www.uidaho.edu/
Publisher:
University of Idaho
Contributing Institution:
University of Idaho
Type:
Text
Format:
application/pdf
Cataloger:
wbv
Date Digitized:
2012

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Source
Preferred Citation:
"Statistical estimate of the demand for and value of outdoor recreation in the Sawtooth Valley and Mountain area, Idaho. USDS FS Project no. 44-297", Idaho Waters Digital Library, University of Idaho Library Digital Collections, https://www.lib.uidaho.edu/digital/iwdl/items/iwdl-gilmour_1973.html
Rights
Rights:
Rights to the digital resource are held by the University of Idaho. http://www.uidaho.edu/
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