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Measuring Total Economic Value
    of the National Parks
    Professor Linda J. Bilmes, Harvard University
  Professor John Loomis, Colorado State University
$2.8 bn NPS                                                 Recreation
    budget                       Use Value                      benefits, environmental
                                                                education; use value of
                                                                drinking water from urban
                                                                wetlands, etc




                      Existence Value
        Benefit the current generation receives from knowing the NPS units,           Passive
        wildlife, scenic wonder, historical, cultural features, programs provided     Use
                                                                                      Value



                    Bequest Value
Benefit the current generation receives from knowing that through preservation
today, these NPS units and programs will be available to future generations
Proposed Methodology
                 National Survey of
                 Representative US
                   Households to
                estimate TEV of NPS
                units and programs

Comprehensive                          Case Studies of
  Literature                          Specific NPS units
    Survey                              and programs
                    Estimate of
                    TEV of NPS
                     units and
                     program

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The Economic Benefits of the National Parks and Park Programs

  • 1. Measuring Total Economic Value of the National Parks Professor Linda J. Bilmes, Harvard University Professor John Loomis, Colorado State University
  • 2. $2.8 bn NPS Recreation budget Use Value benefits, environmental education; use value of drinking water from urban wetlands, etc Existence Value Benefit the current generation receives from knowing the NPS units, Passive wildlife, scenic wonder, historical, cultural features, programs provided Use Value Bequest Value Benefit the current generation receives from knowing that through preservation today, these NPS units and programs will be available to future generations
  • 3. Proposed Methodology National Survey of Representative US Households to estimate TEV of NPS units and programs Comprehensive Case Studies of Literature Specific NPS units Survey and programs Estimate of TEV of NPS units and program