Valuing Australian botanic collections: A combined travel-cost and contingent valuation study
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]
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|Source:||Australian Journal of Agricultural and Resource Economics|
|01_Mwebaze_Valuing_Australian_botanic_2012.pdf||438.28 kB||Adobe PDF||Request a copy|
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