A DEMAND THEORY FOR NUMBER OF TRIPS IN A RANDOM UTILITY MODEL OF RECREATION

In this paper, the authors present a simple random utility model of recreation site choice that incorporates an aggregate demand function for number of trips during a season. The trip demand function is derived using conventional demand theory and it is used to calculate seasonal welfare changes due to improvements in site characteristics or addition of new sites. The model is based on Bockstael et al.'s participation function.

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    Academic Press Incorporated

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    New York, NY  United States  10003
  • Authors:
    • Parsons, G R
    • Kealy, M J
  • Publication Date: 1995

Language

  • English

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Filing Info

  • Accession Number: 00797626
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Aug 12 2000 12:00AM