Abstract
This analysis breaks down the congestion levels experienced during specific parts of a wilderness canoe trip. By explicitly addressing the heterogeneity in preferences for congestion during a trip, we are able to determine the relative value canoeists place on solitude at different points of a trip. Our econometric model utilizes a random effects probit framework to efficiently estimate the welfare impacts of congestion on each trip portion. The welfare effects of congestion levels vary across wilderness areas, parts of a trip and individuals.
Original language | English (US) |
---|---|
Pages (from-to) | 177-195 |
Number of pages | 19 |
Journal | Resource and Energy Economics |
Volume | 25 |
Issue number | 2 |
DOIs | |
State | Published - May 2003 |
Externally published | Yes |
Keywords
- Congestion
- Contingent valuation
- Heterogeneous preferences
- Panel estimators
- Wilderness recreation
ASJC Scopus subject areas
- Economics and Econometrics