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The Travel Cost Demand Model As An Environmental Policy Assessment Tool: A Review Of Literature

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  • Ward, Frank A.
  • Loomis, John B.

Abstract

Estimates of the benefits of environmental improvement, usually a nonmarket commodity, can be a valuable part of the information base for economically efficient environmental decision making. The objective of this paper is to review the literature of one class of nonmarket valuation methodologies based on observed consumption behavior subsumed under the term "travel cost demand models." Relative to travel cost demand models, we examine policy issues and underlying concepts focusing on choice theory and welfare evaluation. In addition, we identify major related empirical issues including demand specification, data problems, demand estimation, and welfare measurement. Unanswered questions may contribute to a research agenda.

Suggested Citation

  • Ward, Frank A. & Loomis, John B., 1986. "The Travel Cost Demand Model As An Environmental Policy Assessment Tool: A Review Of Literature," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 11(2), pages 1-15, December.
    • Handle: RePEc:ags:wjagec:32249
    DOI: 10.22004/ag.econ.32249
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    Cited by:

    1. Liao, Chih-Chien & Houston, Jack E., Jr. & Bergstrom, John C., 1989. "Recreation Demand Factor Indices: A Principal Components Analysis," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270497, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Woodall, Stacie & Wandschneider, Philip R. & Foltz, John C. & Taylor, R. Garth, 2002. "Valuing Idaho Wineries With A Travel Cost Model," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36613, Western Agricultural Economics Association.
    3. Scheufele, Gabriela & Pascoe, Sean, 2023. "Ecosystem accounting: Reconciling consumer surplus and exchange values for free-access recreation," Ecological Economics, Elsevier, vol. 212(C).
    4. Brida, Juan Gabriel & Monterubbianesi, Pablo Daniel & Zapata Aguirre, Sandra, 2012. "Análisis de los factores que afectan la repetición de la visita a una atracción cultural: una aplicación al museo de Antioquia [Analysis of factors affecting repeat visit to a cultural attraction: ," MPRA Paper 37622, University Library of Munich, Germany.
    5. Clifford S. Russell & V. Kerry Smith, 1991. "Demands for Data and Analysis Induced by Environmental Policy," NBER Chapters, in: Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth, pages 299-342, National Bureau of Economic Research, Inc.
    6. He, Xiaoyang & Poe, Gregory L., 2021. "Exploring the shelf-life of travel cost methods of valuing recreation for benefits transfer," Resource and Energy Economics, Elsevier, vol. 63(C).
    7. Joseph Cooper & John Loomis, 1993. "Testing whether waterfowl hunting benefits increase with greater water deliveries to wetlands," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 3(6), pages 545-561, December.
    8. Nafsika Afentou & Patrick Moore & Katrina Hull & Jenny Shepherd & Stephanie Elliott & Emma Frew, 2022. "Inland Waterways and Population Health and Wellbeing: A Cross-Sectional Study of Waterway Users in the UK," IJERPH, MDPI, vol. 19(21), pages 1-23, October.
    9. Jan Špaček & Michaela Antoušková, 2013. "Individual single-site travel cost model for Czech paradise geopark," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(7), pages 2851-2858.
    10. Giraud, Kelly L. & Herrmann, Mark L., 2000. "An Investigation into Travel Cost Measurement," Western Region Archives 321675, Western Region - Western Extension Directors Association (WEDA).
    11. Marini Govigli, Valentino & Górriz-Mifsud, Elena & Varela, Elsa, 2019. "Zonal travel cost approaches to assess recreational wild mushroom picking value: Trade-offs between online and onsite data collection strategies," Forest Policy and Economics, Elsevier, vol. 102(C), pages 51-65.
    12. Chris Neher & David Patterson & John Duffield & Katherine Neher, 2019. "Convergent validity of alternative dependent variable specifications for individual travel cost models," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 21(2), pages 307-324, April.
    13. Cooper, Joseph C., 1995. "The Application of Nonmarket Valuation Techniques to Agricultural Issues," Staff Reports 333359, United States Department of Agriculture, Economic Research Service.
    14. Mahadev Bhat & Ramachandra Bhatta & Mohamed Shumais, 2014. "Sustainable funding policies for environmental protection: the case of Maldivian atolls," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 16(1), pages 45-67, January.
    15. Teasley, R. Jeff & Bergstrom, John C. & Cordell, H. Ken, 1994. "Estimating Revenue-Capture Potential Associated With Public Area Recreation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(1), pages 1-13, July.
    16. Ajmera, Sukumar & Houston, Jack E. & Bergstrom, John C., 1989. "Estimation Of Demand Functions For Wetlands - Based Recreation Using An Almost Ideal Demand System," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270495, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    17. P. Poor & Jamie Smith, 2004. "Travel Cost Analysis of a Cultural Heritage Site: The Case of Historic St. Mary's City of Maryland," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 28(3), pages 217-229, August.
    18. Liao, Chin-Chien & Houston, Jack E. & Bergstrom, John C., 1989. "The Use of Principle Components Analysis," WAEA/ WFEA Conference Archive (1929-1995) 245034, Western Agricultural Economics Association.
    19. 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.
    20. Amoako-Tuffour, Joe & Martınez-Espineira, Roberto, 2008. "Leisure and the Opportunity Cost of Travel Time in Recreation Demand Analysis: A Re-Examination," MPRA Paper 8573, University Library of Munich, Germany.
    21. Boyle, Kevin J., 1990. "Dichotomous-Choice, Contingent-Valuation Questions: Functional Form Is Important," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(2), pages 1-7, October.
    22. JG. Brida & M. Meleddu & M. Pulina, 2011. "An urban icon? The case of the Iceman Ötzi," Working Paper CRENoS 201105, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
    23. Becker, Nir & Farja, Yanay & Greenfeld, Asael & Markova-Nenova, Nonka & Wätzold, Frank, 2023. "A blueprint for addressing conflicts between ecotourism and farming from an economic perspective: The case of wintering crane conservation in the Hula Valley in Israel," Ecological Economics, Elsevier, vol. 209(C).
    24. David M. Fisher & Spencer A. Wood & Young-Hee Roh & Choong-Ki Kim, 2019. "The Geographic Spread and Preferences of Tourists Revealed by User-Generated Information on Jeju Island, South Korea," Land, MDPI, vol. 8(5), pages 1-17, April.
    25. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2005. "Recreation Demand Analysis under Truncation, Overdispersion, and Endogenous Stratification: An Application to Gros Morne National Park," Econometrics 0511007, University Library of Munich, Germany.

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