Parsons, George R.; Leggett, Christopher; Boyle, Kevin; … - Department of Economics, Lerner College of Business and … - 2008
In this paper we estimate the economic loss of hypothetical beach closures on the Padre Island National Seashore on the Gulf Coast of Texas. We use a travel cost random utility maximization (RUM) model with data from a random phone survey of Texas residents completed in 2001. We simulate...