Temporal Stability of Recreation Choices
AbstractWe evaluate the stability of coefficient and willingness to pay (WTP) estimates for recreation services over two time periods. To address this question, we estimate a Random Utility Maximization (RUM) model of recreation demand, using two datasets from different time periods, but concerning the same study area. We then compare the estimation results and evaluate the temporal stability of preferences that drive recreation choices. The two datasets are on trips made by Delaware residents to beaches in the Mid-Atlantic region: Delaware, New Jersey, Maryland and Northern Virginia. The first dataset was collected using a mail survey in 1997 and the second dataset was gathered through an Internet survey in 2005. Besides the time periods, and the survey methods, there are also significant sample size differences between the two datasets. In the 1997 sample, 400 Delaware residents made at least one day trip, while in the 2005 dataset, only 50 Delawareans visited the beaches of interest.
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Bibliographic InfoPaper provided by Agricultural and Applied Economics Association in its series 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin with number 49296.
Date of creation: 2009
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recreation demand; nonmarket valuation; Environmental Economics and Policy; Q51; Q26;
Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-16 (All new papers)
- NEP-ENV-2009-05-16 (Environmental Economics)
- NEP-TUR-2009-05-16 (Tourism Economics)
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