La congestion : une variable clé dans la méthode des coûts de déplacement
AbstractThe travel cost method is widely used to estimate the value of recreational sites and to simulate the impact of public policies on welfare. Congestion is likely to be a determinant of recreational demand (Jakus and Shaw, 1997) and has to be given special attention. Ignoring this variable leads to the omission bias. But introducing congestion is also likely to involve endogeneity problems because of a potential correlation with the error term. In addition, congestion is determined by a sorting equilibrium, i.e., it is both the result of the choice process and an explanatory variable of this choice. Some methods have been recently propose to address these difficulties. These methods are presented and illustrated in a nested model of recreational choice.
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Bibliographic InfoPaper provided by INRA UMR SMART in its series Working Papers SMART - LERECO with number 12-05.
Length: 37 pages
Date of creation: 2012
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congestion; travel costs methods; endogeneity; random utility models;
Find related papers by JEL classification:
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
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