Valuing the Benefits of Rock Climbing and the Welfare Gains from Decreasing Injury Risk

Autor:	W. Douglass Shaw, Lea Nicita, Giovanni Signorello
Rok vydání:	2018
Předmět:	Natural resource economics media_common.quotation_subject 05 social sciences Physiology (medical) Climbing Revealed preference 0502 economics and business Value (economics) Economics Injury risk 050202 agricultural economics & policy 050207 economics Safety Risk Reliability and Quality Recreation Welfare media_common
Zdroj:	Risk Analysis. 38:2258-2274
ISSN:	0272-4332
DOI:	10.1111/risa.13170
Popis:	Rock climbing is an increasingly popular recreation activity worldwide, nevertheless there are only few studies that estimate the demand for it. In this article the Kuhn-Tucker approach is used to estimate the demand for rock climbing in Sicily, the recreation value of different climbing sites, and the welfare impact of reducing injury risk. In modeling the demand for climbing we account for the heterogeneity of preferences. We find that decreasing the level of injury risk generates remarkable welfare gains to climbers. This is the first study we know of that provides a welfare measure of risk reduction in rock climbing and one of a very few studies in environmental economics that uses a revealed preference approach to estimate a welfare measure associated with a reduction in risk.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a43d8efe2af8981a5f276f7384d06897 https://doi.org/10.1111/risa.13170 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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