Release Time:2019-03-10  Hits:

Indexed by: Conference Paper

Date of Publication: 2016-04-28

Included Journals: Scopus、CPCI-S、EI

Volume: 68

Abstract: In this paper, we investigate the effect of those recognized nature-and-activity-based attributes on the level of park's admission fee charges using a panel data of 29 coastal recreation parks in Dalian city of China. A total of seven different Hedonic pricing model specifications are used in the estimating process. The results indicate that a numerous attributes have statistically significant effects (alpha <= 0.10) on the level of park admission fee charges. In terms of the economic valuation, the marine sightseeing results in the highest value of Marginal Willingness to Pay (MWTP) of $ 6.4 as its quality rank improves to a designated higher level. As expected that the park congestion has a negative effect on the MWTP (-$ 0.47) and overall park's rankings have a positive effect ($ 0.05) on park's MWTP. However, many recreation activities accommodated by the park sites exhibit a relatively weak effect on the park entrance fee charges. One possible reason is perhaps owing to the single admission package fee policy adopted by the park management..