Shifting Sands: A Preliminary Exploration of Seasonal Variation in Preferences for Beaches
Choice data about recreational activities has usually been available for decisions made at a single point in time. Even when data has been collected over a long interval, analysis has generally ignored the impact of seasonality on the relative value of different attributes, treating all choices as the same. This paper looks at a panel of beach recreators from southern California and tests two possible reasons for seasonally changing preferences. We find that seasonal effects can have a substantial impact on the relative utility to the consumer of water quality and money.
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- Tülin Erdem, 1996. "A Dynamic Analysis of Market Structure Based on Panel Data," Marketing Science, INFORMS, vol. 15(4), pages 359-378.
- Ian J. Bateman & Guy D. Garrod & Julii S. Brainard & Andrew A. Lovett, 1996. "Measurement Issues In The Travel Cost Method: A Geographical Information Systems Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1-4), pages 191-205.
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