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Familiar And Favorite Sites In A Random Utility Model Of Beach Recreation

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Author Info

  • Parsons, George R.
  • Massey, D. Matthew
  • Tomasi, Theodore D.

Abstract

We estimate a random utility model of recreation demand accounting for choice set familiarity and favorite sites. Our approach differs from existing approaches by retaining all sites in estimating the parameters of site utility. Familiar and unfamiliar sites are specified with different utility functions. Favored sites are assumed to have higher utility than nonfavored sites in estimation.

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File URL: http://purl.umn.edu/28082
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Bibliographic Info

Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 14 (1999)
Issue (Month): 4 ()
Pages:

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Handle: RePEc:ags:mareec:28082

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Web page: http://www.uri.edu/cels/enre/mre/mre.htm

Related research

Keywords: Resource /Energy Economics and Policy;

References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. George R. Parsons & GAndrew J. Plantinga & GKevin J. Boyle, 2000. "Narrow Choice Sets in a Random Utility Model of Recreation Demand," Land Economics, University of Wisconsin Press, vol. 76(1), pages 86-99.
  2. Haab, Timothy C. & Hicks, Robert L., 1997. "Accounting for Choice Set Endogeneity in Random Utility Models of Recreation Demand," Journal of Environmental Economics and Management, Elsevier, vol. 34(2), pages 127-147, October.
  3. Shaw, W. Douglass & Jakus, Paul M., 1996. "Travel Cost Models Of The Demand For Rock Climbing," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 25(2), October.
  4. Mark Montgomery & Michael Needelman, 1997. "The Welfare Effects of Toxic Contamination in Freshwater Fish," Land Economics, University of Wisconsin Press, vol. 73(2), pages 211-223.
  5. Jones, Carol Adaire & Lupi, Frank, 1999. "The Effect Of Modeling Substitute Activities On Recreational Benefit Estimates," Marine Resource Economics, Marine Resources Foundation, vol. 14(4).
  6. Robert L. Hicks & Ivar E. Strand, 2000. "The Extent of Information: Its Relevance for Random Utility Models," Land Economics, University of Wisconsin Press, vol. 76(3), pages 374-385.
  7. George R. Parsons & A. Brett Hauber, 1998. "Spatial Boundaries and Choice Set Definition in a Random Utility Model of Recreation Demand," Land Economics, University of Wisconsin Press, vol. 74(1), pages 32-48.
  8. Adamowicz, Wiktor & Swait, Joffre & Boxall, Peter & Louviere, Jordan & Williams, Michael, 1997. "Perceptions versus Objective Measures of Environmental Quality in Combined Revealed and Stated Preference Models of Environmental Valuation," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 65-84, January.
  9. George R. Parsons & Michael S. Needelman, 1992. "Site Aggregation in a Random Utility Model of Recreation," Land Economics, University of Wisconsin Press, vol. 68(4), pages 418-433.
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Citations

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Cited by:
  1. D. Matthew Massey & George R. Parsons, 2007. "State Dependence and Long Term Site Capital in a Random Utility Model of Recreation Demand," NCEE Working Paper Series 200711, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Dec 2007.
  2. Lee G. Anderson & George R. Parsons, 2004. "Review of Valuation Studies for Coastal and Ocean Resources in Latin America and the Caribbean," IDB Publications 9002, Inter-American Development Bank.
  3. Roger Haefen, 2008. "Latent Consideration Sets and Continuous Demand Systems," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 41(3), pages 363-379, November.
  4. Lee G. Anderson & George R. Parsons, 2004. "Revisión de Estudios de Valuación de los Recursos Costeros y Oceánicos en Latinoamérica y el Caribe," IDB Publications 9006, Inter-American Development Bank.
  5. Mario Du Preez & Deborah Ellen Lee & Stephen Gerald Hosking, 2011. "The recreational value of beaches in the Nelson Mandela Bay area, South Africa," Working Papers 239, Economic Research Southern Africa.
  6. Smith, Martin D. & Slott, Jordan M. & McNamara, Dylan & Brad Murray, A., 2009. "Beach nourishment as a dynamic capital accumulation problem," Journal of Environmental Economics and Management, Elsevier, vol. 58(1), pages 58-71, July.
  7. George R. Parsons & Christopher Leggett & Kevin Boyle & Ami Kang, 2008. "Valuing Beach Closures on the Padre Island National Seashore," Working Papers 08-10, University of Delaware, Department of Economics.
  8. von Haefen, Roger H., 2007. "Empirical strategies for incorporating weak complementarity into consumer demand models," Journal of Environmental Economics and Management, Elsevier, vol. 54(1), pages 15-31, July.
  9. John C. Whitehead & Christopher F. Dumas & Jim Herstine & Jeffery Hill & Bob Buerger, 2006. "Valuing Beach Access and Width with Revealed and Stated Preference Data," Working Papers 06-15, Department of Economics, Appalachian State University.
  10. J. DeShazo & Trudy Cameron & Manrique Saenz, 2009. "The Effect of Consumers’ Real-World Choice Sets on Inferences from Stated Preference Surveys," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(3), pages 319-343, March.
  11. Huang, Ju-Chin & Poor, P. Joan & Zhao, Min Qiang, 2007. "Economic Valuation of Beach Erosion Control," Marine Resource Economics, Marine Resources Foundation, vol. 22(3).
  12. Beharry-Borg, Nesha & Scarpa, Riccardo, 2010. "Valuing quality changes in Caribbean coastal waters for heterogeneous beach visitors," Ecological Economics, Elsevier, vol. 69(5), pages 1124-1139, March.
  13. Blackwell, Boyd, 2007. "The Value of a Recreational Beach Visit: An Application to Mooloolaba Beach and Comparisons with other Outdoor Recreation Sites," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 37(1), pages 77-98, March.
  14. McConnell, Kenneth E. & Tseng, Wei-Chun, 1999. "Some Preliminary Evidence On Sampling Of Alternatives With The Random Parameters Logit," Marine Resource Economics, Marine Resources Foundation, vol. 14(4).
  15. Haab, Timothy C. & Hicks, Robert L., 1999. "Choice Set Considerations In Models Of Recreation Demand: History And Current State Of The Art," Marine Resource Economics, Marine Resources Foundation, vol. 14(4).
  16. Halkos, George, 2011. "Economic valuation of coastal zone quality improvements," MPRA Paper 35395, University Library of Munich, Germany.
  17. Hicks, Robert L. & Schnier, Kurt E., 2010. "Spatial regulations and endogenous consideration sets in fisheries," Resource and Energy Economics, Elsevier, vol. 32(2), pages 117-134, April.
  18. Paudel, Krishna P. & Caffey, Rex H. & Devkota, Nirmala, 2011. "An Evaluation of Factors Affecting the Choice of Coastal Recreational Activities," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 43(02), May.
  19. Boyd, James & Krupnick, Alan, 2009. "The Definition and Choice of Environmental Commodities for Nonmarket Valuation," Discussion Papers dp-09-35, Resources For the Future.
  20. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.

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