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Comparison Of Environmental Quality-Induced Demand Shifts Using Time-Series And Cross-Section Data

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Author Info

  • Loomis, John B.
  • Cooper, Joseph C.

Abstract

Almost all applications of the Travel-Cost-Method demand function which include site quality variable(s) are multisite models. The results of this study serve as a note of warning that using the demand equation derived from multisite cross-sectional data to perform a benefit-cost analysis of changes in quality at a single site may not accurately predict the resulting change in the number of trips to that site. In this situation, estimates of the benefits of quality improvements may be unreliable.

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File URL: http://purl.umn.edu/32508
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Bibliographic Info

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

Volume (Year): 15 (1990)
Issue (Month): 01 (July)
Pages:

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Handle: RePEc:ags:wjagec:32508

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

Keywords: Demand and Price Analysis; Environmental Economics and Policy; Resource /Energy Economics and Policy;

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Cited by:
  1. P. Poor & Jamie Smith, 2004. "Travel Cost Analysis of a Cultural Heritage Site: The Case of Historic St. Mary's City of Maryland," Journal of Cultural Economics, Springer, vol. 28(3), pages 217-229, August.
  2. repec:ags:mareec:48893 is not listed on IDEAS

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