This paper estimates the value of a relatively new form of recreation: mountain biking. Its popularity has resulted in many documented conflicts, and its value must be estimated so an informed decision regarding trail allocation can be made. A travel cost model (TCM) is used to estimate the economic benefits, measured by consumer surplus, to the users of mountain bike trails near Moab, Utah. The TCM estimated accounts for several issues including substitutes and endogenous stratification. An individual per-trip value and an annual value of a trail were estimated, with the estimates ranging from $197 to $205 and $8,422,800 to $8,770,300, respectively, depending on the model specification.
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Fix et al. (1997) studied this question.
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