Recreation values and kai tahu management: The greenstone and caples valleys

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Abstract
Three Crown‐owned pastoral leases at the head of Lake Wakatipu have been placed in a land bank for potential settlement of claims under the Treaty of Waitangi. Debate over the future of those leases has in some cases been based on arguments about who possesses rights to use or manage the land, and in other cases has been based upon the value of the land to alternative uses. This paper uses data collected by Cessford (1987) as the basis for application of the contingent valuation approach to categorical data to assist in resolution of the second form of argument.