Specification of Driving Costs in Models of Recreation Demand.
Existing recreation demand models have paid much attention to the heterogeneous nature of the opportunity cost of time, but generally stipulate constant per mile costs in access price specifications. This study proposes two alternative approaches to introduce user-specific driving costs into recreat...
| Published in: | Land Economics Vol. 81; no. 1; pp. 127 - 144 |
|---|---|
| Main Authors: | , |
| Format: | Article |
| Published: |
University of Wisconsin Press
February 2005
|
| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510456948&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510456948 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00237639 LAE jtl: Land Economics issn: 00237639 maglogo: N pubinfo: dt: February 2005 vid: 81 iid: 1 pid: 249 pub: University of Wisconsin Press artinfo: ui: 510456948 ppf: 127 ppct: 17 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1.4MB tig: atl: Specification of Driving Costs in Models of Recreation Demand. aug: au: Hagerty, Danielle Moeltner, Klaus su: Automobile driving Economic demand Mathematical models Travel costs Outdoor recreation Economics sug: subj: Automobile driving Economic demand Mathematical models Travel costs Outdoor recreation Economics ab: Existing recreation demand models have paid much attention to the heterogeneous nature of the opportunity cost of time, but generally stipulate constant per mile costs in access price specifications. This study proposes two alternative approaches to introduce user-specific driving costs into recreation demand models. The first approach is based on a refined measurement of driving costs based on engineering considerations. The second strategy estimates perceived per mile cost as a function of vehicle attributes in an empirical framework. We find strong evidence that driving costs are a visitor-specific concept, and that prescribed and perceived costs differ substantially. However, welfare measures generated by these alternative specifications are not statistically different from those produced by the standard model in our application of jet skiing in the Lake Tahoe region. (JEL Q26) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|