In this chapter, we outline the historical development of the theory and empirical implementation of recreation demand models that rely on revealed preference data. Revealed preference data and approaches are those that are based on observed behavior, with surveys typically used to collect information from individual recreators on their use of various recreation sites. The value placed on a site, or on changes to specific attributes of a site, is then inferred from how visitation patterns change with changing site characteristics.
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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number
10211.
Length: Date of creation: 06 Mar 2003 Date of revision: Handle: RePEc:isu:genres:10211
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Dubin, Jeffrey A. & Wilde, Louis L., 1991.
"Welfare Economics for Tobit Models,"
Working Papers
753, California Institute of Technology, Division of the Humanities and Social Sciences.
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