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29

Table 5. Normalized and Absolute Shadow Values of Time (N=432)

Shadow Value of Time

Mean Std Dev Minimum Maximum

Normalized

Absolute ($/hr)

0.6050     0.0000   0.6050   0.6050

5.8698     3.2893   0.4507 13.6010

Table 6. Hicksian and Marshallian estimates of Access Value

Site+

_______Welfare Measure of Access Value
Consumer's Surplus        Compensating Variation

Point Reyes

779.09                     833.98

(36.74),                     (42.56)

Monterey

128.71                      125.58

(6.96)                        (6.72)

+ Estimates not provided for Half Moon as demand coeffients are insignificant.

, Standard errors of the mean in parentheses.



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