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The Effects of Variable Omission in the Travel Cost Technique.

The travel cost technique is probably the most widely used method for estimating outdoor recreation demand functions. Specification errors, due to the omission of travel time and congestion effects, have received the most recent attention-with the consensus being that the travel cost technique under...

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Published in:Land Economics Vol. 57; no. 2; pp. 173 - 181
Main Authors: Allen, P. Geoffrey, Stevens, Thomas H., Barrett, Scott A.
Format: Article
Published: University of Wisconsin Press May81
Subjects:
Travel costs
Elasticity (Economics)
Outdoor recreation
Nature
Demand function
Consumers' surplus
Recreation areas
Instrumental variables (Statistics)
Mathematical models of economics
Econometric models
Massachusetts
United States
Online Access:View this record in EBSCOhost