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Travel cost recreation demand models stem from a simple, but penetrating, insight. Consumption of an outdoor recreation … the features of recreation data in Section 4. In Section 6 we turn to conceptual issues in welfare measurement. We close …
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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...
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Nested logit has become common in estimating random utility models of recreation demand. Because welfare analysis is …
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This paper investigates the role of congestion in influencing the site choice of recreation participants and derived values for a trip. Estimation is performed in a revealed preference framework by constructing an instrument for congestion within the estimation using the predicted choices of...
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