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Estimating Dynamic Recreational Demand By The Hedonic Travel Cost Method

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  • Yeh, Chia-Yu
  • Sohngen, Brent

Abstract

This research explores how recreational values change over time. Hedonic functions linking travel costs to site amenities are estimated using data on nearly 70,000 visitors to Ohio State Parks from 1997 to 2002. The results suggest substantial changes in recreational values over time. Effects are estimated to show the importance of capturing changes in the hedonic prices.

Suggested Citation

  • Yeh, Chia-Yu & Sohngen, Brent, 2004. "Estimating Dynamic Recreational Demand By The Hedonic Travel Cost Method," 2004 Annual meeting, August 1-4, Denver, CO 20165, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20165
    DOI: 10.22004/ag.econ.20165
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    File URL: https://ageconsearch.umn.edu/record/20165/files/sp04ye03.pdf
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    Cited by:

    1. Ante Mandić & Lidija Petrić, 2021. "The impacts of location and attributes of protected natural areas on hotel prices: implications for sustainable tourism development," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(1), pages 833-863, January.

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    Keywords

    Research Methods/ Statistical Methods;

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