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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...
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efficiency of sites; choice sets are then formed by retaining sites that exceed alternative efficiency thresholds. Choice set … composition, site choice efficiency and probability of selection and consumer surplus are evaluated in the case of fishery site …
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