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Using Actual And Contingent Behavior Data With Differing Levels Of Time Aggregation To Model Recreation Demand

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Author Info

  • Cameron, Trudy Ann
  • Shaw, W. Douglass
  • Ragland, Shannon E.
  • Callaway, J. Mac
  • Keefe, Sally

Abstract

A model of recreation demand is developed to determine the role of water levels in determining participation at and frequency of trips taken to various federal reservoirs and rivers in the Columbia River Basin. Contingent behavior data are required to break the near-perfect multicollinearities among water levels at some waters. We combine demand data for each survey respondent at different levels of time aggregation (summer months, rest of year, and annual), and our empirical models accommodate the natural heteroskedasticity that results. Our empirical results show it to be quite important to control carefully for survey nonresponse bias.

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File URL: http://purl.umn.edu/30996
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Bibliographic Info

Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

Volume (Year): 21 (1996)
Issue (Month): 01 (July)
Pages:

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Handle: RePEc:ags:jlaare:30996

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Web page: http://waeaonline.org/
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Related research

Keywords: Resource /Energy Economics and Policy;

References

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  1. Daniel Hellerstein, 1992. "Estimating Consumer Surplus in the Censored Linear Model," Land Economics, University of Wisconsin Press, vol. 68(1), pages 83-92.
  2. W. Douglass Shaw, 1992. "Searching for the Opportunity Cost of an Individual's Time," Land Economics, University of Wisconsin Press, vol. 68(1), pages 107-115.
  3. Morey Edward R., 1994. "What Is Consumer's Surplus Per Day of Use, When Is It a Constant Independent of the Number of Days of Use, and What Does It Tell Us about Consumers Surplus?," Journal of Environmental Economics and Management, Elsevier, vol. 26(3), pages 257-270, May.
  4. Jeffrey Englin & Trudy Cameron, 1996. "Augmenting travel cost models with contingent behavior data," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 7(2), pages 133-147, March.
  5. Trudy Ann Cameron, 1992. "Combining Contingent Valuation and Travel Cost Data for the Valuation of Nonmarket Goods," Land Economics, University of Wisconsin Press, vol. 68(3), pages 302-317.
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Citations

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Cited by:
  1. Yongsik Jeon & Joseph Herriges, 2010. "Convergent Validity of Contingent Behavior Responses in Models of Recreation Demand," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 45(2), pages 223-250, February.
  2. Smith, V. Kerry, 1997. "Time and the Valuation of Environmental Resources," Working Papers 97-36, Duke University, Department of Economics.
  3. John C. Whitehead & Timothy C. Haab & Ju-Chin Huang, 1999. "Measuring Recreation Benefits of Quality Improvements with Revealed and Stated Behavior Data," Working Papers 9902, East Carolina University, Department of Economics.
  4. John C. Whitehead & Subhrendu K. Pattanayak & George L. Van Houtven & Brett R. Gelso, 2005. "Combining Revealed and Stated Preference Data to Estimate the Nonmarket Value of Ecological Services: An Assessment of the State of the Science," Working Papers 05-19, Department of Economics, Appalachian State University, revised 2007.
  5. Jakus, Paul M. & Dowell, Paula & Murray, Matthew N., 2000. "The Effect Of Fluctuating Water Levels On Reservoir Fishing," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(02), December.
  6. Woodall, Stacie & Wandschneider, Philip R. & Foltz, John C. & Taylor, R. Garth, 2002. "Valuing Idaho Wineries With A Travel Cost Model," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36613, Western Agricultural Economics Association.
  7. Taylor, R. Garth & Woodall, Stacie & Wandschneider, Philip R. & Foltz, John C., 2004. "The Demand for Wine Tourism in Canyon County, Idaho," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IAMA), vol. 7(04).
  8. Dietrich Earnhart, 2004. "Time is Money: Improved Valuation of Time and Transportation Costs," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 29(2), pages 159-190, October.
  9. Mathews, Leah Greden, 1999. "Estimating Water Quality Benefits By Combining Revealed And Stated Preference Methods: An Application In The Minnesota River," 1999 Annual meeting, August 8-11, Nashville, TN 21621, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  10. Feather, Peter & Shaw, W. Douglass, 1999. "Estimating the Cost of Leisure Time for Recreation Demand Models," Journal of Environmental Economics and Management, Elsevier, vol. 38(1), pages 49-65, July.
  11. Bockstael, Nancy E. & Freeman III, A. Myrick, 2006. "Welfare Theory and Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 12, pages 517-570 Elsevier.
  12. Rowan, Emma & Longo, Alberto, 2009. "Enriching Stakeholder participation through Environmental Valuation; Eliciting Preferences for a National Park Designation in Northern Ireland," 83rd Annual Conference, March 30-April 1, 2009, Dublin, Ireland 51071, Agricultural Economics Society.

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