Estimating the Benefits of Beach Recreation: An Application of the Contingent Valuation Method
This study presents an application of the dichotomous choice contingent valuation method to estimate the benefits of beach recreation in Port Dickson. The logit and probit models were used to analyse the data and the willingness-to-pay values were computed from the maximum likelihood estimates. Th...
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| Format: | Article |
| Language: | English English |
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Universiti Putra Malaysia Press
1995
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3062/1/Estimating_the_Benefits_of_Beach_Recreation_An_Application.pdf |