Economic Valuation of Recreational Benefits of Environmental Resources - Etensa, Tesfaye
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Recreation is a human activity, which increases visitor's wellbeing. Following an increase in population, income and mobility the demand for recreation has been increasing in many developing countries. Hence, valuation of environmental resources enables economists to integrate environmental values into economic decision-making processes.Putting a precise and acceptable value on recreation would be valuable in resource management and need to place values that reflect the true social costs and benefits. Thus, this book presents the economic valuation of recreational benefits of Wonchi Crater…mehr

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Produktbeschreibung
Recreation is a human activity, which increases visitor's wellbeing. Following an increase in population, income and mobility the demand for recreation has been increasing in many developing countries. Hence, valuation of environmental resources enables economists to integrate environmental values into economic decision-making processes.Putting a precise and acceptable value on recreation would be valuable in resource management and need to place values that reflect the true social costs and benefits. Thus, this book presents the economic valuation of recreational benefits of Wonchi Crater Lake. In this book, recreational benefits, demand function, price elasticity of demand, the optimum entrance fee, welfare implications associated with the site and perception of the visitors are evaluated. The analysis should assist any country who endowed by environmental and natural resources and who interest to grasp the concept economic valuation of recreational benefits, and should be usedfor any policy makers and planners concerning decisions of quality improvement, expansion development projects, and lastly, the results will have an impact on the academicians and tourism sector at large.
Autorenporträt
Mr. Tesfaye Etensa, qualified in master of Economics at University of Gondar in 2014. He has awarded as one of the best performance lecturer in the year 2015, 2016 at Wollega and Wolkite University respectively. He is the author of three books and five articles published. Currently, the author had been serving in Wolkite University.