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Toward a Value for Guided Rafting on Southern Rivers

Author

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  • Bowker, J. M.
  • English, Donald B. K.
  • Donovan, Jason A.

Abstract

This study examines per trip consumer surplus associated with guided Whitewater rafting on two southern rivers. First, household recreation demand functions are estimated based on the individual travel cost model using truncated count data regression methods and alternative price specifications. Findings show mean per trip consumer surplus point estimates between $89 and $286, depending on modeling assumptions and river quality. Magnitudes of these surpluses are very dependent on assumptions about the opportunity cost of time.

Suggested Citation

  • Bowker, J. M. & English, Donald B. K. & Donovan, Jason A., 1996. "Toward a Value for Guided Rafting on Southern Rivers," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 28(2), pages 423-432, December.
    • Handle: RePEc:cup:jagaec:v:28:y:1996:i:02:p:423-432_00
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    Cited by:

    1. 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.
    2. Bailey, A. & Williams, N. & Palmer, M. & Geering, R., 2000. "The farmer as service provider: the demand for agricultural commodities and equine services," Agricultural Systems, Elsevier, vol. 66(3), pages 191-204, December.
    3. Simões, Paula & Barata, Eduardo & Cruz, Luís, 2013. "Joint estimation using revealed and stated preference data: An application using a national forest," Journal of Forest Economics, Elsevier, vol. 19(3), pages 249-266.

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