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Modeling Recreation Demand in a Poisson System of Equations: An Analysis of the Impact of International Exchange Rates

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  • Jeffrey Englin
  • Peter Boxall
  • David Watson

Abstract

We extend count data travel cost modeling by developing a utility theoretic system of semilogarithmic recreation demand equations. The restrictions required to make the system utility theoretic are applied during estimation. The model is applied to individual wilderness recreation trips in a system of four Canadian wilderness parks. The resulting demand system is used to examine the impacts of changing U.S.-Canadian currency exchange rates on participation and welfare of U.S. recreationists. Copyright 1998, Oxford University Press.

Suggested Citation

  • Jeffrey Englin & Peter Boxall & David Watson, 1998. "Modeling Recreation Demand in a Poisson System of Equations: An Analysis of the Impact of International Exchange Rates," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(2), pages 255-263.
    • Handle: RePEc:oup:ajagec:v:80:y:1998:i:2:p:255-263
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    Cited by:

    1. von Haefen, Roger H., 2002. "A Complete Characterization Of The Linear, Log-Linear, And Semi-Log Incomplete Demand System Models," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(2), pages 1-39, December.
    2. Bengochea, A., 2003. "Valoración del uso recreativo de un espacio natural," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 21, pages 321-338, Agosto.
    3. Roger Haefen, 2008. "Latent Consideration Sets and Continuous Demand Systems," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 41(3), pages 363-379, November.
    4. Hilger, James & Englin, Jeffrey, 2009. "Utility theoretic semi-logarithmic incomplete demand systems in a natural experiment: Forest fire impacts on recreational values and use," Resource and Energy Economics, Elsevier, vol. 31(4), pages 287-298, November.
    5. Englin, Jeffrey E. & Boxall, Peter C. & Hauer, Grant, 2000. "An Empirical Examination Of Optimal Rotations In A Multiple-Use Forest In The Presence Of Fire Risk," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 25(1), pages 1-14, July.
    6. Abdulbaki Bilgic & Wojciech Florkowski, 2009. "The impact of license regulation on the number of recreation trips: is it worth considering?," Journal of Regulatory Economics, Springer, vol. 35(1), pages 45-69, February.
    7. Kenneth A. Baerenklau, 2010. "A Latent Class Approach to Modeling Endogenous Spatial Sorting in Zonal Recreation Demand Models," Land Economics, University of Wisconsin Press, vol. 86(4), pages 800-816.
    8. Anna Bartczak & Jeffrey Englin & Arwin Pang, 2012. "When are Forest Visits Valued the Most? An Analysis of the Seasonal Demand for Forest Recreation in Poland," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 52(2), pages 249-264, June.
    9. Jeffrey Englin & Thomas Holmes & Rebecca Niell, 2006. "Alternative Models of Recreational Off-Highway Vehicle Site Demand," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 35(4), pages 327-338, December.
    10. Arwin Pang, 2022. "Investigating heteroscedasticity using the over-dispersion parameter in a travel cost model," Letters in Spatial and Resource Sciences, Springer, vol. 15(3), pages 507-516, December.
    11. Danielle Hagerty & Klaus Moeltner, 2005. "Specification of Driving Costs in Models of Recreation Demand," Land Economics, University of Wisconsin Press, vol. 81(1).
    12. Herriges, Joseph A. & Phaneuf, Daniel J. & Tobias, Justin L., 2008. "Estimating demand systems when outcomes are correlated counts," Journal of Econometrics, Elsevier, vol. 147(2), pages 282-298, December.
    13. Hellström, Jörgen & Nordström, Jonas, 2012. "Demand and welfare effects in recreational travel models: Accounting for substitution between number of trips and days to stay," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(3), pages 446-456.
    14. Leif E. Anderson & Mark L. Plummer, 2017. "Recreational Demand for Shellfish Harvesting Under Environmental Closures," Marine Resource Economics, University of Chicago Press, vol. 32(1), pages 43-57.
    15. Hellström, Jörgen & Nordström, Jonas, 2005. "Demand and Welfare Effects in Recreational Travel Models: A Bivariate Count Data Approach," Umeå Economic Studies 648, Umeå University, Department of Economics.
    16. Stephen Hynes & William Greene, 2016. "Preference Heterogeneity in Contingent Behaviour Travel Cost Models with On-site Samples: A Random Parameter vs. a Latent Class Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 67(2), pages 348-367, June.
    17. Devkota, Nirmala & Paudel, Krishna P. & Hall, Larry M. & Caffey, Rex H., 2006. "Use of Bootstrap Method to Obtain Reliable Parameter Estimations on Travel Cost Demand Model," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35471, Southern Agricultural Economics Association.
    18. Boxall, Peter C. & Englin, Jeffrey & Adamowicz, Wiktor L., 2003. "Valuing aboriginal artifacts: a combined revealed-stated preference approach," Journal of Environmental Economics and Management, Elsevier, vol. 45(2), pages 213-230, March.
    19. Xie, Lusi & Adamowicz, Wiktor & Lloyd-Smith, Patrick, 2023. "Spatial and temporal responses to incentives: An application to wildlife disease management," Journal of Environmental Economics and Management, Elsevier, vol. 117(C).
    20. Moeltner, Klaus, 2003. "Addressing aggregation bias in zonal recreation models," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 128-144, January.
    21. Chen, Roger B., 2018. "Models of count with endogenous choices," Transportation Research Part B: Methodological, Elsevier, vol. 117(PB), pages 862-875.
    22. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761, Elsevier.
    23. Giovanni Signorello & Jeffrey Englin & Adam Longhorn & Maria Salvo, 2009. "Modeling the Demand for Sicilian Regional Parks: A Compound Poisson Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 44(3), pages 327-335, November.
    24. Baerenklau, Kenneth A. & González-Cabán, Armando & Paez, Catrina & Chavez, Edgar, 2010. "Spatial allocation of forest recreation value," Journal of Forest Economics, Elsevier, vol. 16(2), pages 113-126, April.

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