The economic value of whitewater sports in the Cache la Poudre Canyon, Colorado
Date
2011
Authors
McTernan, James A., author
Loomis, John B., advisor
Goemans, Christopher G., committee member
Shields, Martin, committee member
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Abstract
This thesis estimates the non-market benefits associated with non-commercial Whitewater Sports in the Poudre Canyon of the Cache la Poudre River. We used a Contingent Valuation Model (CVM) and a Travel Cost Model (TCM) to estimate benefits to all non-commercial users at two different river locations. Using CVM, we found the consumer surplus estimates to be between $55.36 and $93.36 per trip, depending on the model specification. This equates to a per season consumer surplus of between $596,283 and $1,005,581 for a 30 day season and between $1,192,620 and $1,917,894 for a 60 day season. For the TCM, consumer surplus was estimated at either $88.01 or $129.41 depending on the specification. This equates to ranges of per season consumer surplus of $947,956 and $1,393,875 respectively for a 30 day season and $1,895,999 and $2,787,880 respectively for a 60 day season.
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Subject
non-market valuation
Whitewater Sports