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Valuing Australian botanic collections: A combined travel-cost and contingent valuation study

Mwebaze, Paul; Bennett, Jeffrey

Description

Economic values of biological collections in three Australian botanic gardens in Canberra, Melbourne and Sydney were estimated using the travel-cost method (TCM) and the contingent valuation method (CVM). The TCM component of the study produced average per-trip consumer surplus (CS) values of $39 and $18 for single- and multiple-site visitors, respectively, for each botanic garden, resulting in an estimate of approximately $194 million for the total social welfare generated by trips to the...[Show more]

CollectionsANU Research Publications
Date published: 2012
Type: Journal article
URI: http://hdl.handle.net/1885/68243
Source: Australian Journal of Agricultural and Resource Economics
DOI: 10.1111/j.1467-8489.2012.00595.x

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