Estimating the economic value of Monunt Buffalo National Park wich the travel cost and contingnet valuation models
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Gamini Herath [1] ; John Kennedy [1]
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[1] La Trobe University
La Trobe University
Australia
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- Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 10, Nº 1, 2004, págs. 63-78
- Idioma: inglés
- Texto completo no disponible (Saber más ...)
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Resumen
The Mount Buffalo National Park is the oldest national park in Victoria, Australia. There has been a rapid increase in the number of visitors to the park during the last decade and park management has been a concern, especially in the light of declining budgetary allocations and potential damage due to the increased visitor numbers.
Policy options to increase park revenue remain unclear because of a lack of information on demand parameters and user costs. This study estimates the economic value of the park using the travel cost method (TCM) and the contingent valuation method (CVM). The TCM gives higher consumer surplus (CS) than the CVM. The CS shows that the economic value of the park is high and that there are opportunities to introduce innovative fee schemes to enhance its revenue. Present entry fee systems do not capture the economic value of the park.
