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A simultaneous valuation model on positive and negative tourism benefits under suppressed consumption

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  • Tadahiro Okuyama

Abstract

This study aims to develop a benefit valuation model with household production under consumption suppressed by self-restraint, as observed during the coronavirus disease 2019 pandemic. This study proposes a model to measure the benefits of the value of time (VOT), value of environmental quality (VOQ), and value of self-restrained consumption (VOS). Numerical simulations show that 1) the benefits can be measured in a single modeling system, 2) the absolute VOS might be larger than the other benefits, 3) the VOS decreases exponentially with an increase in self-restrained consumption, and 4) the VOT may be sensitive to the degrees of the parameter values.

Suggested Citation

  • Tadahiro Okuyama, 2023. "A simultaneous valuation model on positive and negative tourism benefits under suppressed consumption," Tourism Economics, , vol. 29(5), pages 1391-1404, August.
    • Handle: RePEc:sae:toueco:v:29:y:2023:i:5:p:1391-1404
    DOI: 10.1177/13548166221098321
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