Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

Individual Travel Cost Method: Estimation and Benefit Assessment with a Discrete and Possibly Grouped Dependent Variable

Ian M. Dobbs
American Journal of Agricultural Economics
Vol. 75, No. 1 (Feb., 1993), pp. 84-94
Stable URL: http://www.jstor.org/stable/1242956
Page Count: 11
  • Download ($36.00)
  • Subscribe ($19.50)
  • Cite this Item
Individual Travel Cost Method: Estimation and Benefit Assessment with a Discrete and Possibly Grouped Dependent Variable
Preview not available

Abstract

The trip/visit variable in the individual travel cost method is often regarded as discrete. Furthermore, it is often reported in surveys as a grouped variable (the number of visits reported falling into one of several classes). This paper develops a travel cost model which takes account of discreteness and grouping in both demand and benefit estimation. A case study and associated simulations are then reported which indicate the potential extent of bias that may arise from ignoring discreteness/grouping in demand and benefit estimation. The information loss involved in varying the size of visit classes is also examined.

Page Thumbnails

  • Thumbnail: Page 
[84]
    [84]
  • Thumbnail: Page 
85
    85
  • Thumbnail: Page 
86
    86
  • Thumbnail: Page 
87
    87
  • Thumbnail: Page 
88
    88
  • Thumbnail: Page 
89
    89
  • Thumbnail: Page 
90
    90
  • Thumbnail: Page 
91
    91
  • Thumbnail: Page 
92
    92
  • Thumbnail: Page 
93
    93
  • Thumbnail: Page 
94
    94