In:
Journal of Agricultural and Applied Economics, Cambridge University Press (CUP), Vol. 28, No. 2 ( 1996-12), p. 423-432
Abstract:
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. Findings show mean per trip consumer surplus point estimates between $89 and $286, depending on modeling assumptions and river quality. Magnitudes of these surpluses are very dependent on assumptions about the opportunity cost of time.
Type of Medium:
Online Resource
ISSN:
1074-0708
,
2056-7405
DOI:
10.1017/S1074070800007410
Language:
English
Publisher:
Cambridge University Press (CUP)
Publication Date:
1996
detail.hit.zdb_id:
2141115-3
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