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Description

Careful modeling of on-site time may substantially improve estimates of the benefits of recreational visits using the travel cost method, especially when on-site time in endogenous. This paper review the theory of endogenous on-site time, and shows how the theory may apply to the Random Utility Model (RUM). An empirical example of a two-level, nested-choice model of sport fishing in southcentral Alaska illustrates a discussion of the relative advantages of the different ways to specify endogenous onsite time. (JELQ26)

Publication Date

11-17-1999

Keywords

Travel, Demand, Economics

Handle

http://hdl.handle.net/11122/14518

Endogenous On-Site Time in the Recreation Demand Model

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