A single-site travel cost recreation demand model for a representative agent visiting a beach is employed that uses an indirect utility function. Alternative specifications of the expected demand function are estimated with aggregate time-series data from a local beach park. The estimated...

An unresolved debate in behavioural choice research surrounds specifying individual choice sets. To overcome the limitations of deterministic and probabilistic approaches in a framework consistent with individual optimizing behaviour, this study develops an efficient frontiers approach to the...