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...

'Recreating Strategy' uses case studies to give readers a better understanding of how they might bring together and apply the many analytical frameworks available to understanding an organisation as a whole

The financial crisis and the ensuring Great Recession have alerted those concerned with old-age security to the extreme risk confronting our retirement system. In this volume, we provide an in-depth analysis of the ‘black swans' threatening pension plans around the world. Longevity risk,...

In this chapter we took a broad look at American participation in on-farm recreation. While further analysis is in order, it does seem that visiting farms, either as a primary purpose of a trip or as part of a rural sightseeing outing, is a popular activity. We estimate that over 60 million...