Showing 1 - 10 of 612
Travel cost recreation demand models stem from a simple, but penetrating, insight. Consumption of an outdoor recreation site's services requires the user to incur the costs of a trip to that site. Travel costs serve as implicit prices. These costs reflect both people's distances from recreation...
Persistent link: https://www.econbiz.de/10014023924
In this short paper we present a simple model of three tourist regions to study the incentives of hotels to invest in environmental quality. In particular, we show that the price of a hotel room depends positively on the level of investment to preserve the natural characteristics of the region...
Persistent link: https://www.econbiz.de/10014055360
Tourism, being volatile and situation-specific, is responsive to climate change. A cross-section analysis is conducted …
Persistent link: https://www.econbiz.de/10011608810
Hurdle and zero-in ated models are the two foremost methods used to deal with excess zeros. However, their reliance on the nonparticipation assumption is a drawback when applied to recreation demand analysis because there is not a theoretical framework convincingly explaining presence of...
Persistent link: https://www.econbiz.de/10011753317
This paper extends the truncated and endogenously stratified Poisson and negative binomial models to three alternative discrete distributions, namely the generalized Poisson, geometric, and Borel distributions. Our primary intention here is to demonstrate how improper treatment of the data...
Persistent link: https://www.econbiz.de/10003209592
In this paper we measure the recreational economic benefits of the for-hire recreational fishery in the coastal region of North Carolina. We estimate a single trip random utility model for primary purpose and secondary purpose anglers with data from a field survey of charter and head-boat...
Persistent link: https://www.econbiz.de/10013035443
Nested logit has become common in estimating random utility models of recreation demand. Because welfare analysis is often the objective of estimating these models, it seems natural to ask, what effect does the choice of nesting structure have on the welfare estimates generated by these models?...
Persistent link: https://www.econbiz.de/10014151388
This paper develops and applies a new method for estimating the economic benefits of an environmental amenity. The method fits within the household production framework and is based upon the notion of estimating the derived demand for a privately traded option to utilize a freely-available...
Persistent link: https://www.econbiz.de/10014074362
Tourism, being volatile and situation-specific, is responsive to climate change. A cross-section analysis is conducted …
Persistent link: https://www.econbiz.de/10014127223
The purpose of this paper is to establish whether the unobserved spatial interdependencies between individual households influence recreational travel choices. To coherently incorporate spatial interdependencies in the behavioral analysis, we propose spatial random utility model of recreation...
Persistent link: https://www.econbiz.de/10013127472