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Temporal Stability of Recreation Choices

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  • Parsons, George R.
  • Stefanova, Stela

Abstract

We evaluate the stability of coefficient and willingness to pay (WTP) estimates for recreation services over two time periods. To address this question, we estimate a Random Utility Maximization (RUM) model of recreation demand, using two datasets from different time periods, but concerning the same study area. We then compare the estimation results and evaluate the temporal stability of preferences that drive recreation choices. The two datasets are on trips made by Delaware residents to beaches in the Mid-Atlantic region: Delaware, New Jersey, Maryland and Northern Virginia. The first dataset was collected using a mail survey in 1997 and the second dataset was gathered through an Internet survey in 2005. Besides the time periods, and the survey methods, there are also significant sample size differences between the two datasets. In the 1997 sample, 400 Delaware residents made at least one day trip, while in the 2005 dataset, only 50 Delawareans visited the beaches of interest.

Suggested Citation

  • Parsons, George R. & Stefanova, Stela, 2009. "Temporal Stability of Recreation Choices," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49296, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea09:49296
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    File URL: http://purl.umn.edu/49296
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    References listed on IDEAS

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    1. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-719, November.
    2. Kirchhoff, Stefanie & Colby, Bonnie G. & LaFrance, Jeffrey T., 1997. "Evaluating the Performance of Benefit Transfer: An Empirical Inquiry," Journal of Environmental Economics and Management, Elsevier, vol. 33(1), pages 75-93, May.
    3. Brouwer, Roy, 2000. "Environmental value transfer: state of the art and future prospects," Ecological Economics, Elsevier, vol. 32(1), pages 137-152, January.
    4. Parsons, George R. & Jakus, Paul M. & Tomasi, Ted, 1999. "A Comparison of Welfare Estimates from Four Models for Linking Seasonal Recreational Trips to Multinomial Logit Models of Site Choice," Journal of Environmental Economics and Management, Elsevier, vol. 38(2), pages 143-157, September.
    5. Hensher, David & Louviere, Jordan & Swait, Joffre, 1998. "Combining sources of preference data," Journal of Econometrics, Elsevier, vol. 89(1-2), pages 197-221, November.
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    Cited by:

    1. Mkwara, Lena & Marsh, Dan & Scarpa, Riccardo, 2015. "Testing the stability of welfare estimates in travel cost random utility models of recreation: An application to the Rotorua Lakes, New Zealand," 2015 Conference (59th), February 10-13, 2015, Rotorua, New Zealand 202532, Australian Agricultural and Resource Economics Society.

    More about this item

    Keywords

    recreation demand; nonmarket valuation; Environmental Economics and Policy; Q51; Q26;

    JEL classification:

    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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