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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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