Advisor

Interis, Matthew G.

Committee Member

Harri, Ardian

Committee Member

Stevens, Andrew W.

Date of Degree

8-1-2019

Original embargo terms

Complete Embargo 1 Year||8/15/2020

Document Type

Graduate Thesis - Open Access

College

College of Agriculture and Life Sciences

Department

Department of Agricultural Economics

Abstract

I estimate the total economic value to Mississippians of restoring and re-using the Alcazar Hotel in Clarksdale, MS using a combined travel cost, contingent behavior, and contingent valuation method based on Eom and Larson's (2006) combined travel cost and contingent valuation method. I find that Mississippians hold a positive average total value of about $23 per person over a three-year visitation period. Using Eom and Larson's (2006) framework, I am able to calculate the use and non-use value of restoration in a theoretically consistent manner and find that the majority of the total value of restoration is non-use value. This finding suggests that the use of non-market valuation methods that require the researcher to assume away non-use value is inappropriate when valuing culturally and historically significant sites.

URI

https://hdl.handle.net/11668/14481

Sponsorship

Mississippi Delta National Heritage Area

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