Conference Agenda
Overview and details of the sessions of this conference. Please select a date or location to show only sessions at that day or location. Please select a single session for detailed view (with abstracts and downloads if available).
Please note that all times are shown in the time zone of the conference. The current conference time is: 24th Aug 2026, 01:53:15am WEST
External resources will be made available 30 min before a session starts. You may have to reload the page to access the resources.
|
Daily Overview |
| Session | |
|
Fisheries Location: B003 Session Chair: David C. Finnoff, University of Wyoming | |
    | |
The Exchange Value of Ecosystem Services from Recreation 1: Loyola University Chicago; 2: Purdue University This paper presents research on the value of recreation-related services. Income measures the flow of value evaluated at market prices. Most nonmarket valuation studies, however, report welfare measures rather than values compatible with conventional income accounts. We demonstrate how to estimate compatible measures for a recreational resource in a multi-site setting using the simulated exchange value (SEV) method. We derive the exchange value using a random utility model that considers multiple sites and the decision to not take a trip. We construct a panel of exchange values by applying the method to 20 years of annualized recreational fishing statistics from Lake Michigan. The annual exchange value is approximately $130 million, which is approximately 64% of consumer surplus from the study area. | |