We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Specification of Driving Costs in Models of Recreation Demand.
- Authors
Hagerty, Danielle; Moeltner, Klaus
- Abstract
Existing recreation demand models have paid much attention to the heterogeneous nature of the opportunity cost of time, but generally stipulate constant per mile costs in access price specifications. This study proposes two alternative approaches to introduce user-specific driving costs into recreation demand models. The first approach is based on a refined measurement of driving costs based on engineering considerations. The second strategy estimates perceived per mile cost as a function of vehicle attributes in an empirical frame-work. We find strong evidence that driving costs are a visitor-specific concept, and that prescribed and perceived costs differ substantially. However, welfare measures generated by these alternative specifications are not statistically different from those produced by the standard model in our application of jet skiing in the Lake Tahoe region.
- Subjects
AUTOMOBILE driving; AMUSEMENTS; TRAVEL; RECREATION
- Publication
Land Economics, 2005, Vol 81, Issue 1, p127
- ISSN
0023-7639
- Publication type
Article
- DOI
10.3368/le.81.1.127