Although a number of studies demonstrate active human use of the rain forest, there are surprisingly few economic studies quantifying the standing value of rain forests. One noticeable exception is a study by Peters et al. (1) which analyzes value of the fruit and latex extracted from a plot of primary growth Amazonian rain forest in Peru. The present paper addresses another value of conserving rain forest, the recreation value. Specifically, this study measures the ecotourism value to domestic users of the Monteverde Cloud Forest Biological Reserve in Costa Rica