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Measuring the utility of ancillary travel: revealed preferences in recreation site demand and trips taken

  • Larson, Douglas M.
  • Lew, Daniel K.
Registered author(s):

    The issues involved in determining economic values of travel as a component of away-from-home trips are discussed. Four distinct concepts are relevant and useful depending on circumstances: marginal and total values of travel, and gross versus net values. A utility-theoretic inverse demand systems approach is implemented to estimate the separate demands for recreation trips and time onsite at the destination, and implemented using data on pink salmon fishing in Alaska. The distance function underlying the demand system is used to determine the net values of travel ancillary to fishing. Some 64% of fishermen had positive net values of travel, and the value of travel per hour traveled averaged $1.64/h with a median of -$3.18/h.

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    File URL: http://www.sciencedirect.com/science/article/B6VG7-4F8TVWV-1/2/7c65360eab57d90134fc2ebb18f9c9db
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    Article provided by Elsevier in its journal Transportation Research Part A: Policy and Practice.

    Volume (Year): 39 (2005)
    Issue (Month): 2-3 ()
    Pages: 237-255

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    Handle: RePEc:eee:transa:v:39:y:2005:i:2-3:p:237-255
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    1. Douglas M. Larson & Sabina L. Shaikh, 2001. "Empirical Specification Requirements for Two-Constraint Models of Recreation Choice," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 428-440.
    2. Sergio R. Jara-Diaz & Cristián A. Guevara, 2003. "Behind the Subjective Value of Travel Time Savings," Journal of Transport Economics and Policy, London School of Economics and University of Bath, vol. 37(1), pages 29-46, January.
    3. Kockelman, Kara M., 1998. "A Utility-Theory-Consistent System-of-Demand-Equations Approach to Household Travel Choice," University of California Transportation Center, Working Papers qt3h67j2p2, University of California Transportation Center.
    4. Mokhtarian, Patricia & Salomon, Ilan, 2001. "How Derived is the Demand for Travel? Some Conceptual and Measurement Considerations," Institute of Transportation Studies, Working Paper Series qt1z26n1r8, Institute of Transportation Studies, UC Davis.
    5. Bell, Frederick W. & Leeworthy, Vernon R., 1990. "Recreational demand by tourists for saltwater beach days," Journal of Environmental Economics and Management, Elsevier, vol. 18(3), pages 189-205, May.
    6. Truong, Truong P & Hensher, David A, 1985. "Measurement of Travel Time Values and Opportunity Cost from a Discrete-Choice Model," Economic Journal, Royal Economic Society, vol. 95(378), pages 438-51, June.
    7. Feather, Peter & Shaw, W. Douglass, 1998. "Estimating The Cost Of Leisure Time For Recreation Demand Models," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20855, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Deaton, Angus, 1979. "The Distance Function in Consumer Behaviour with Applications to Index Numbers and Optimal Taxation," Review of Economic Studies, Wiley Blackwell, vol. 46(3), pages 391-405, July.
    9. Heckman, James J, 1974. "Shadow Prices, Market Wages, and Labor Supply," Econometrica, Econometric Society, vol. 42(4), pages 679-94, July.
    10. Douglas M. Larson, 1993. "Joint Recreation Choices and Implied Values of Time," Land Economics, University of Wisconsin Press, vol. 69(3), pages 270-286.
    11. Douglas M. Larson & Sabina L. Shaikh & DavidF. Layton, 2004. "Revealing Preferences for Leisure Time from Stated Preference Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(2), pages 307-320.
    12. Frank J. Cesario, 1976. "Value of Time in Recreation Benefit Studies," Land Economics, University of Wisconsin Press, vol. 52(1), pages 32-41.
    13. Kenneth E. Train, 1998. "Recreation Demand Models with Taste Differences over People," Land Economics, University of Wisconsin Press, vol. 74(2), pages 230-239.
    14. Douglas M. Larson & Sabina L. Shaikh, 2004. "Recreation Demand Choices and Revealed Values of Leisure Time," Economic Inquiry, Western Economic Association International, vol. 42(2), pages 264-278, April.
    15. Hausman, Jerry A. & Leonard, Gregory K. & McFadden, Daniel, 1995. "A utility-consistent, combined discrete choice and count data model Assessing recreational use losses due to natural resource damage," Journal of Public Economics, Elsevier, vol. 56(1), pages 1-30, January.
    16. DeSerpa, A C, 1971. "A Theory of the Economics of Time," Economic Journal, Royal Economic Society, vol. 81(324), pages 828-46, December.
    17. repec:cup:cbooks:9780521296762 is not listed on IDEAS
    18. Bates, John J, 1987. "Measuring Travel Time Values with a Discrete Choice Model: A Note," Economic Journal, Royal Economic Society, vol. 97(386), pages 493-98, June.
    19. Hof, John G. & King, David A., 1992. "Recreational demand by tourists for saltwater beach days: Comment," Journal of Environmental Economics and Management, Elsevier, vol. 22(3), pages 281-291, May.
    20. Kockelman, Kara Maria, 1998. "A Utility-Theory-Consistem System-of-Demand-Equations Approach to Household Travel Choice," University of California Transportation Center, Working Papers qt06x0k5r4, University of California Transportation Center.
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