Interis, Matthew G.
Stevens, Andrew W.
Date of Degree
Original embargo terms
Complete Embargo 1 Year||8/15/2020
Graduate Thesis - Open Access
College of Agriculture and Life Sciences
Department of Agricultural Economics
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.
Mississippi Delta National Heritage Area
Wells, Kaylee Katherine, "If we restore it, will they come? Will they even care? Estimating adult Mississippians' use and non-use value for restoring a culturally and historically significant site in the Mississippi Delta" (2019). Theses and Dissertations MSU. 2573.