Estimating Quality and Location Values of Recreational Resources

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Abstract
The importance of estimating resource values for the development of outdoor recreation is recognized by those persons involved in recreation planning, research, and administration. Considerable attention has been given to this problem in recent years. Among those concepts which have shown promise for evaluation purposes, the willingness of consumers to pay has been widely analyzed and proposed in several variations, such as consumer surplus. One topic pertinent to valuation of outdoor recreation which has not received complete analytical treatment is recreation quality. It is this topic which provides the central focus of this paper. Conceptual and empirical procedures are proposed which permit estimation of the separate contribution to resource value attributed to site location and quality characteristics. These are demonstrated using the concept of economic rent. This approach to quality valuation, however, should be equally applicable where consumer surplus is used as the value measure.

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