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This study examines per trip consumer surplus associated with guided whitewater rafting on two southern rivers. First, household recreation demand functions are estimated based on the individual travel cost model using truncated count data regression methods and alternative price specifications....
Persistent link: https://www.econbiz.de/10005469210
In the face of higher travel costs due to rising gasoline prices and scarce budget resources, we explored differences in the impacts of travel costs on recreational demand for visitors participating in various recreational activities. Five individual travel cost models were estimated, one for...
Persistent link: https://www.econbiz.de/10010743928