MATEC Web Conf.
Volume 68, 20162016 The 3rd International Conference on Industrial Engineering and Applications (ICIEA 2016)
|Number of page(s)
|Environment and Energy
|01 August 2016
Effects of the Coastal Park Environment Attributes on Its Admission Fee Charges
1 School of Business Management, Dalian University of Technology, No.2 Linggong Road, Dalian, Liaoning, 116024, PR, China
2 Liaoning University of International Business and Economics, P.R. China
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 (α≤ 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..
© The Authors, published by EDP Sciences, 2016
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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