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Weather conditions and outdoor recreation: A study of New England ski areas

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  • Beaudin, Laura
  • Huang, Ju-Chin

Abstract

We present a structural model and employ discrete time survival analysis to examine the impact of weather conditions on firms' exit decisions within the New England ski industry. Our results suggest that weather conditions can have significant direct and indirect effects on the closure of ski areas. The results also indicate that larger ski areas are more likely to engage in investment activities to help offset the effects of adverse weather conditions, which tip the odds of success in favor of these ski areas. Consequently, this study shows that climate change may have played a significant role in altering the market structure of the New England ski industry.

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  • Beaudin, Laura & Huang, Ju-Chin, 2014. "Weather conditions and outdoor recreation: A study of New England ski areas," Ecological Economics, Elsevier, vol. 106(C), pages 56-68.
    • Handle: RePEc:eee:ecolec:v:106:y:2014:i:c:p:56-68
    DOI: 10.1016/j.ecolecon.2014.07.011
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    Cited by:

    1. Parthum, Bryan & Christensen, Peter, 2022. "A market for snow: Modeling winter recreation patterns under current and future climate," Journal of Environmental Economics and Management, Elsevier, vol. 113(C).
    2. Falk, Martin & Vanat, Laurent, 2016. "Gains from investments in snowmaking facilities," Ecological Economics, Elsevier, vol. 130(C), pages 339-349.
    3. Elena Cefis & Cristina Bettinelli & Alex Coad & Orietta Marsili, 2022. "Understanding firm exit: a systematic literature review," Small Business Economics, Springer, vol. 59(2), pages 423-446, August.
    4. Smith, Jordan W. & Seekamp, Erin & McCreary, Allie & Davenport, Mae & Kanazawa, Mark & Holmberg, Kerry & Wilson, Bruce & Nieber, John, 2016. "Shifting demand for winter outdoor recreation along the North Shore of Lake Superior under variable rates of climate change: A finite-mixture modeling approach," Ecological Economics, Elsevier, vol. 123(C), pages 1-13.
    5. Shijin Wang, 2024. "Opportunities and threats of cryosphere change to the achievement of UN 2030 SDGs," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
    6. L. Beaudin & J. Skaza, 2015. "Measuring the total impact of demographic and behavioural factors on the risk of obesity accounting for the depression status: a structural model approach using new BMI," Applied Economics, Taylor & Francis Journals, vol. 47(55), pages 6041-6053, November.
    7. Martin Falk & Robert Steiger, 2020. "Size facilitates profitable ski lift operations," Tourism Economics, , vol. 26(7), pages 1197-1211, November.
    8. Martin Falk & Sigbjorn Landazuri Tveteraas, 2020. "Modelling the wider effects of ski lift investments," Empirical Economics, Springer, vol. 59(1), pages 259-274, July.
    9. XU Peng, 2021. "Population Aging and Small Business Exits," Discussion papers 21091, Research Institute of Economy, Trade and Industry (RIETI).
    10. Daniel Moscovici, 2022. "Ski Resort Closures and Opportunities for Sustainability in North America," Land, MDPI, vol. 11(4), pages 1-17, March.
    11. Robert Steiger & Eva Posch & Gottfried Tappeiner & Janette Walde, 2020. "Effects of climate change on tourism demand considering individual seasonal preferences," Working Papers 2020-08, Faculty of Economics and Statistics, University of Innsbruck.
    12. Martin Falk, 2015. "Returns to investments in new ski lifts: the importance of weather conditions and elevation," ERSA conference papers ersa15p1379, European Regional Science Association.
    13. Martin Falk & Robert Steiger, 2018. "An Exploration of the Debt Ratio of Ski Lift Operators," Sustainability, MDPI, vol. 10(9), pages 1-16, August.
    14. Steiger, Robert & Posch, Eva & Tappeiner, Gottfried & Walde, Janette, 2020. "The impact of climate change on demand of ski tourism - a simulation study based on stated preferences," Ecological Economics, Elsevier, vol. 170(C).

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