Abstract
This paper develops a negative binomial model of recreation demand that corrects for both truncation and endogenous stratification. This approach recovers the demand associated with the general population, not just the users of the site. This model demonstrates the importance of the joint nature of the population's latent demand for trips and the consumer surplus associated with those trips. The empirical results provide an estimate of the willingness-to-pay by Washington State residents for hiking opportunities in the Cascade Mountain Range. These results are used to forecast total trips and willingness-to-pay over the next 40 years. -Authors
Original language | English (US) |
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Title of host publication | Review of Economics & Statistics |
Pages | 104-112 |
Number of pages | 9 |
Volume | 77 |
Edition | 1 |
State | Published - 1995 |
Externally published | Yes |
ASJC Scopus subject areas
- General Earth and Planetary Sciences
- General Environmental Science