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...

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Bibliographic Details

Published in:	Journal of Environmental Economics & Management Vol. 29; pp. 357 - 368
Main Authors:	Parsons, George R., Kealy, Mary Jo
Format:	Article
Published:	Academic Press Inc. November 1995 pt1
Subjects:	Utility theory Mathematical models Consumer preferences Economic demand Recreation areas Economics
Online Access:	View this record in EBSCOhost