The Economic Value of Viewing Migratory Shorebirds on the Delaware Bay: An Application of the Single Site Travel Cost Model Using On-Site Data
AbstractUsing data from an on-site survey of recreational birders in southern Delaware during the annual horseshoe crab/shorebird spring migration, we estimated four truncated count data models of recreation demand accounting for endogenous stratification due to onsite sampling. We analyzed day-trips only and conducted sensitivity analysis on measurement of the value of time and inclusion of covariates. Our estimates from the models using all covariates were in the range of $40 to $178/trip/household (2008$). The variation is due to differences in the value of time. The average household size is 1.66.
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Bibliographic InfoPaper provided by University of Delaware, Department of Economics in its series Working Papers with number 11-03.
Length: 22 pages
Date of creation: 2011
Date of revision:
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Postal: Purnell Hall, Newark, Delaware 19716
Phone: (302) 831-2565
Fax: (302) 831-6968
Web page: http://www.lerner.udel.edu/departments/economics/department-economics/
More information through EDIRC
Travel-Cost Model; Shorebirds; Valuation;
Other versions of this item:
- Edwards, Peter E.T. & Parsons, George R. & Myers, Kelley H., 2011. "The economic value of viewing migratory shorebirds on the Delaware Bay: An application of the single site travel cost model using on-site data," MPRA Paper 35832, University Library of Munich, Germany.
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
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