ECONOMIC EVALUATION OF RECREATION - COMPARISON OFTHE TRAVEL COST MODEL (TCM) ANDTHE CONTINGENT VALUATION METHOD(CVM)

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F13%3A61555" target="_blank" >RIV/60460709:41110/13:61555 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

čeština

Original language name

ECONOMIC EVALUATION OF RECREATION - COMPARISON OFTHE TRAVEL COST MODEL (TCM) ANDTHE CONTINGENT VALUATION METHOD(CVM)

Original language description

Tourism that takes place in nature sites benefits from the fact that nature is considered to be a public good. There is no fee charged for being in nature and using nature for recreational purposes. Prevailing nature-based tourism destinations are admission free. To evaluate the economic value of recreation, various methods for valuation of environmental goods are commonly used. The most widely used methods are the travel cost method and contingent valuation method. This paper focuses on comparison of these two methods. It discusses tourists? travel costs to get to a nature-based destination. It studies direct costs to get to a destination place and related indirect costs, including the time costs. To measure the economic value by using the contingentvaluation approach, the Willingness-to-pay method is used. The Willingness-to-pay method measures the consumer surplus tourists have from their recreation (indirect economic value). The direct economic value is measured by expenditures in

Czech name

ECONOMIC EVALUATION OF RECREATION - COMPARISON OFTHE TRAVEL COST MODEL (TCM) ANDTHE CONTINGENT VALUATION METHOD(CVM)

Czech description

Tourism that takes place in nature sites benefits from the fact that nature is considered to be a public good. There is no fee charged for being in nature and using nature for recreational purposes. Prevailing nature-based tourism destinations are admission free. To evaluate the economic value of recreation, various methods for valuation of environmental goods are commonly used. The most widely used methods are the travel cost method and contingent valuation method. This paper focuses on comparison of these two methods. It discusses tourists? travel costs to get to a nature-based destination. It studies direct costs to get to a destination place and related indirect costs, including the time costs. To measure the economic value by using the contingentvaluation approach, the Willingness-to-pay method is used. The Willingness-to-pay method measures the consumer surplus tourists have from their recreation (indirect economic value). The direct economic value is measured by expenditures in

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

Z - Vyzkumny zamer (s odkazem do CEZ)<br>S - Specificky vyzkum na vysokych skolach

Publication year

2013

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Scientific Papers of the University of Pardubice. Series D. Faculty of Economics and Administration

ISSN

1211-555X

e-ISSN

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Volume of the periodical

27

Issue of the periodical within the volume

2

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

9

Pages from-to

5-13

UT code for WoS article

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EID of the result in the Scopus database

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