The recreational value of Lake McKenzie, Fraser Island: An application of the travel cost method
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Lake McKenzie is one of the most highly used and popular visitor destinations of all Fraser Island's natural sites, attracting 2000 visitors a day in peak periods. Many consider this level of visitation to be unsustainable and the management authority is currently considering a range of management options to address this issue. In assessing the alternatives, it is useful to have some idea of the recreational use value of the Lake under the current regime, as it is this value that is at risk if visitor numbers are to be reduced. This paper, using the zonal travel cost method, estimates the recreational use value of Fraser Island and Lake McKenzie for Australian-resident, independent visitors.
Copyright 2008 Elsevier. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Environment and Resource Economics