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Using data drawn from a web-based travel cost survey, we jointly model revealed and stated preference trip count data in an attempt to estimate the recreational use value from diving the intentionally sunk ex-USS Oriskany. Respondents were asked to report (1) their actual trips from the previous...
Persistent link: https://www.econbiz.de/10008587634
Conventional discrete choice Random Utility Maximization (RUM) models of recreation demand ignore the influence of knowledge, or site capital, gained over past trips on current site choice, despite its obvious impact. We develop a partially dynamic RUM model that incorporates a measure of site...
Persistent link: https://www.econbiz.de/10008587691