Are Conventional Benefit Measures Adequate?
Author InfoCory, Dennis C. Colby, Bonnie G. Carpenter, Edwin H. Abstract Theoretical issues and empirical approaches are discussed for benefit estimation when wildlife resource users face uncertain recreation quality. It is argued that selection of an appropriate benefit measure is predicted upon differing attitudes toward quality uncertainty, expected utility maximization, and risk. In particular, it is shown that for specific groups in the user population, conventional benefit measures do not apply, and alternative welfare measures are developed. Implications for restructuring contingent valuation procedures are discussed. Download InfoTo download: If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
