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Specification of Driving Costs in Models of Recreation Demand

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  • Danielle Hagerty
  • Klaus Moeltner

Abstract

Existing recreation demand models have paid much attention to the heterogeneous nature of the opportunity cost of time, but generally stipulate constant per mile costs in access price specifications. This study proposes two alternative approaches to introduce user-specific driving costs into recreation demand models. The first approach is based on a refined measurement of driving costs based on engineering considerations. The second strategy estimates perceived per mile cost as a function of vehicle attributes in an empirical framework. We find strong evidence that driving costs are a visitor-specific concept, and that prescribed and perceived costs differ substantially. However, welfare measures generated by these alternative specifications are not statistically different from those produced by the standard model in our application of jet skiing in the Lake Tahoe region.

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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 81 (2005)
Issue (Month): 1 ()
Pages:

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Handle: RePEc:uwp:landec:v:81:y:2005:i:1:p127-143

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Web page: http://le.uwpress.org/

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Cited by:
  1. Amoako-Tuffour, Joe & Martınez-Espineira, Roberto, 2008. "Leisure and the Opportunity Cost of Travel Time in Recreation Demand Analysis: A Re-Examination," MPRA Paper 8573, University Library of Munich, Germany.
  2. Abdulbaki Bilgic & Wojciech Florkowski, 2009. "The impact of license regulation on the number of recreation trips: is it worth considering?," Journal of Regulatory Economics, Springer, Springer, vol. 35(1), pages 45-69, February.
  3. Ovaskainen, Ville & Neuvonen, Marjo & Pouta, Eija, 2012. "Modelling recreation demand with respondent-reported driving cost and stated cost of travel time: A Finnish case," Journal of Forest Economics, Elsevier, Elsevier, vol. 18(4), pages 303-317.
  4. Devkota, Nirmala & Paudel, Krishna P. & Hall, Larry M. & Caffey, Rex H., 2006. "Use of Bootstrap Method to Obtain Reliable Parameter Estimations on Travel Cost Demand Model," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida, Southern Agricultural Economics Association 35471, Southern Agricultural Economics Association.
  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, Economic Research Southern Africa 239, Economic Research Southern Africa.
  6. Baerenklau, Kenneth A. & González-Cabán, Armando & Paez, Catrina & Chavez, Edgar, 2010. "Spatial allocation of forest recreation value," Journal of Forest Economics, Elsevier, Elsevier, vol. 16(2), pages 113-126, April.
  7. Isabel Mendes & Isabel Proença, 2009. "Measuring the Social Recreation Per-Day Net Benefit of Wildlife Amenities of a National Park: A Count-Data Travel Cost Approach," Working Papers Department of Economics, ISEG - School of Economics and Management, Department of Economics, University of Lisbon 2009/35, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
  8. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2008. "Multi-destination and multi-purpose trip effects in the analysis of the demand for trips to a remote recreational site," EERI Research Paper Series EERI_RP_2008_19, Economics and Econometrics Research Institute (EERI), Brussels.
  9. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2005. "Recreation Demand Analysis under Truncation, Overdispersion, and Endogenous Stratification: An Application to Gros Morne National Park," Econometrics, EconWPA 0511007, EconWPA.
  10. Davis, Alison F. & Moeltner, Klaus, 2010. "Valuing the Prevention of an Infestation: The Threat of the New Zealand Mud Snail in Northern Nevada," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, Northeastern Agricultural and Resource Economics Association, vol. 39(1), February.
  11. Crooker, John R., 2007. "Nonparametric Bounds on Welfare with Measurement Error in Prices: Techniques for Non-Market Resource Valuation," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, Northeastern Agricultural and Resource Economics Association, vol. 36(2), October.
  12. Mahadev Bhat & Ramachandra Bhatta & Mohamed Shumais, 2014. "Sustainable funding policies for environmental protection: the case of Maldivian atolls," Environmental Economics and Policy Studies, Society for Environmental Economics and Policy Studies - SEEPS, Society for Environmental Economics and Policy Studies - SEEPS, vol. 16(1), pages 45-67, January.

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