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Measuring Recreation Values with Multiple Destination Trips
Robert Mendelsohn, John Hof, George Peterson and Reed Johnson
American Journal of Agricultural Economics
Vol. 74, No. 4 (Nov., 1992), pp. 926-933
Stable URL: http://www.jstor.org/stable/1243190
Page Count: 8
You can always find the topics here!Topics: Travel expenses, Consumer surplus, Demand, Prices, Cost estimates, Price changes, Recreation, Market prices, Canyons, Datasets
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Traditional travel cost analysis has either ignored multiple destination trips or arbitrarily allocated trip costs across visited sites. In this paper, combinations of multiple destinations are treated as unique sites and incorporated into a demand system. Empirical demand functions for multiple destination trips that include Bryce National Park are estimated. Consumer surplus calculations for single destination and multiple destination trips are compared.
American Journal of Agricultural Economics © 1992 Agricultural & Applied Economics Association