ENDOGENOUS ON-SITE TIME IN THE RECREATION DEMAND MODEL

Careful modeling of on-site time may substantially improve estimates of the benefits of recreational visits using the travel cost method, especially when on-site time is endogenous. This paper reviews the theory of endogenous on-site time, and shows how the theory may apply to the Random Utility Model (RUM). An empirical example of sport fishing in Southcentral Alaska under varying specifications of on-site time is presented.

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Year of publication:	1999
Authors:	Berman, Matthew D. ; Kim, Hong Jin
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Research Methods/ Statistical Methods \| Resource /Energy Economics and Policy

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Extent:	application/pdf
Series:	1999 Annual meeting, August 8-11, Nashville, TN.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1999 Annual meeting, August 8-11, Nashville, TN Number 21616
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005525950