Fix, Peter; Loomis, John; Eichhorn, Rick - In: Applied Economics 32 (2000) 10, pp. 1227-1231
The travel cost model is frequently used to estimate net willingness to pay for recreation at remote sites by using the visitor's travel costs as a proxy for the price of recreation. However, some concern has been raised over the validity of using the visitor's stated travel costs as a proxy for...