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 |
|
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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