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Compensating Variation For Recreational Policy: A Random Utility Approach To Boating In Florida

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Author Info
Thomas, Michael
Stratis, Nicholas
Abstract

A nested logit random utility travel cost model is developed for recreational boating in southwest Florida. Using data from a survey of recreational boaters, the model estimates site choice probabilities and compensating variation for changes in boating speed limits. Behavior is modeled as a two-step, discrete-choice process, where boaters first select a launch point for their trailered boats, then select a boating destination based on site characteristics. The results of this particular model are currently being used in policy applications in Florida.

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File URL: http://purl.umn.edu/28283
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Publisher Info
Article provided by Marine Resources Foundation in its journal Marine Resource Economics.

Volume (Year): 17 (2002)
Issue (Month): 1 ()
Pages:
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Handle: RePEc:ags:mareec:28283

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Keywords: Resource /Energy Economics and Policy;

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References listed on IDEAS
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.:
  1. Morey, Edward R. & Shaw, W. Douglass & Rowe, Robert D., 1991. "A discrete-choice model of recreational participation, site choice, and activity valuation when complete trip data are not available," Journal of Environmental Economics and Management, Elsevier, vol. 20(2), pages 181-201, March. [Downloadable!] (restricted)
  2. Milon, Walter J., 1988. "A Nested Demand Shares Model of Artificial Marine Habitat Choice by Sport Anglers," Marine Resource Economics, Marine Resources Foundation, vol. 5(3). [Downloadable!]
  3. Greene, Gretchen & Moss, Charles B. & Spreen, Thomas H., 1997. "Demand For Recreational Fishing In Tampa Bay, Florida: A Random Utility Approach," Marine Resource Economics, Marine Resources Foundation, vol. 12(4). [Downloadable!]
  4. Daniel McFadden, 1996. "Computing Willingness-to-Pay in Random Utility Models," Working Papers _011, University of California at Berkeley, Econometrics Laboratory Software Archive.
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  1. Lipton, Douglas, 2004. "The Value Of Improved Water Quality To Chesapeake Bay Boaters," Marine Resource Economics, Marine Resources Foundation, vol. 19(2). [Downloadable!]
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This page was last updated on 2009-12-11.

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