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Medientyp:
E-Artikel
Titel:
Toward a Value for Guided Rafting on Southern Rivers
Beteiligte:
Bowker, J. M.;
English, Donald B. K.;
Donovan, Jason A.
Erschienen:
Cambridge University Press (CUP), 1996
Erschienen in:
Journal of Agricultural and Applied Economics, 28 (1996) 2, Seite 423-432
Sprache:
Englisch
DOI:
10.1017/s1074070800007410
ISSN:
1074-0708;
2056-7405
Entstehung:
Anmerkungen:
Beschreibung:
<jats:title>Abstract</jats:title><jats:p>This study examines per trip consumer surplus associated with guided Whitewater rafting on two southern rivers. First, household recreation demand functions are estimated based on the individual travel cost model using truncated count data regression methods and alternative price specifications. Findings show mean per trip consumer surplus point estimates between $89 and $286, depending on modeling assumptions and river quality. Magnitudes of these surpluses are very dependent on assumptions about the opportunity cost of time.</jats:p>