A demand theory for number of trips in a random utility model of recreation.
The writers present a simple random utility model of recreation site choice that incorporates an aggregate demand function for number of trips during a season. The trip demand function is derived using conventional demand theory, and this is used to calculate seasonal welfare changes due to improve...
| Publicado en: | Journal of Environmental Economics & Management Vol. 29; pp. 357 - 368 |
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| Autores principales: | , |
| Formato: | Artículo |
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Academic Press Inc.
November 1995 pt1
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512699390&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512699390 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00950696 EEM jtl: Journal of Environmental Economics & Management issn: 00950696 maglogo: N pubinfo: dt: November 1995 pt1 vid: 29 pid: 735 pub: Academic Press Inc. artinfo: ui: 512699390 10.1006/jeem.1995.1052 ppf: 357 ppct: 11 formats: tig: atl: A demand theory for number of trips in a random utility model of recreation. aug: au: Parsons, George R. Kealy, Mary Jo su: Utility theory Mathematical models Consumer preferences Economic demand Recreation areas Economics sug: subj: Utility theory Mathematical models Consumer preferences Economic demand Recreation areas Economics ab: The writers present a simple random utility model of recreation site choice that incorporates an aggregate demand function for number of trips during a season. The trip demand function is derived using conventional demand theory, and this is used to calculate seasonal welfare changes due to improvements in site characteristics or addition of new sites. It is demonstrated that this demand model, which is based on N.E. Bockstael, W.M. Hanemann, and C.L. Kling's participation function, has several advantageous properties, including that the model explicitly manages the decision of whether to participate in recreation or not, allows for diminishing marginal utility of trips over the season, accommodates substitution between numbers of trips taken and quality of site visited, conducts welfare analysis at the seasonal level, explicitly allows for adjustment in number of trips taken as quality or number of sites in a person's opportunity set changes in the welfare analysis, and allows for substitutions between day and overnight trips. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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