A random utility model of the choice over trip duration on multiple objective recreation trips is developed. We explore several methods for allocating trip expenses to estimate the welfare of single and multiple-objective trips. Preliminary results suggest that traditional methods for handling travel costs are inadequate in a multiple-objective setting.
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Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number
20444.
Length: Date of creation: 2001 Date of revision: Handle: RePEc:ags:aaea01:20444
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