Modeling recreation demand in a poisson system of equations: An analysis of the impact of international exchange rates

Jeffrey Englin; Peter Boxall; David Watson

doi:10.2307/1244498

Modeling recreation demand in a poisson system of equations: An analysis of the impact of international exchange rates

Jeffrey Englin, Peter Boxall, David Watson

Research output: Contribution to journal › Article › peer-review

46 Scopus citations

Abstract

We extend count data travel cost modeling by developing a utility theoretic system of semi-logarithmic recreation demand equations. The restrictions required to make the system utility theoretic are applied during estimation. The model is applied to individual wilderness recreation trips in a system of four Canadian wilderness parks. The resulting demand system is used to examine the impacts of changing U.S.-Canadian currency exchange rates on participation and welfare of U.S. recreationists.

Original language	English (US)
Pages (from-to)	255-263
Number of pages	9
Journal	American Journal of Agricultural Economics
Volume	80
Issue number	2
DOIs	https://doi.org/10.2307/1244498
State	Published - May 1998
Externally published	Yes

Keywords

Demand systems
Economic development
Poisson
Travel cost

ASJC Scopus subject areas

Agricultural and Biological Sciences (miscellaneous)
Economics and Econometrics

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10.2307/1244498

Cite this

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title = "Modeling recreation demand in a poisson system of equations: An analysis of the impact of international exchange rates",

abstract = "We extend count data travel cost modeling by developing a utility theoretic system of semi-logarithmic recreation demand equations. The restrictions required to make the system utility theoretic are applied during estimation. The model is applied to individual wilderness recreation trips in a system of four Canadian wilderness parks. The resulting demand system is used to examine the impacts of changing U.S.-Canadian currency exchange rates on participation and welfare of U.S. recreationists.",

keywords = "Demand systems, Economic development, Poisson, Travel cost",

author = "Jeffrey Englin and Peter Boxall and David Watson",

note = "Funding Information: Funding for this work was provided by the Northern Ontario Development Agreement, the Canada-Manitoba Partnership Agreement in Forestry, and the Nevada Experiment Station. Scott Shonkwiler provided many helpful suggestions. The authors gratefully acknowledge Janet Lutz, Kent Baylis, Dan Benoit and Jennifer Lidgett for research assistance, and John McQueen, Grant Williamson, Rod Drew, and Trucia Howard for other support services. Copyright: Copyright 2018 Elsevier B.V., All rights reserved.",

year = "1998",

month = may,

doi = "10.2307/1244498",

language = "English (US)",

volume = "80",

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AU - Boxall, Peter

AU - Watson, David

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PY - 1998/5

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N2 - We extend count data travel cost modeling by developing a utility theoretic system of semi-logarithmic recreation demand equations. The restrictions required to make the system utility theoretic are applied during estimation. The model is applied to individual wilderness recreation trips in a system of four Canadian wilderness parks. The resulting demand system is used to examine the impacts of changing U.S.-Canadian currency exchange rates on participation and welfare of U.S. recreationists.

AB - We extend count data travel cost modeling by developing a utility theoretic system of semi-logarithmic recreation demand equations. The restrictions required to make the system utility theoretic are applied during estimation. The model is applied to individual wilderness recreation trips in a system of four Canadian wilderness parks. The resulting demand system is used to examine the impacts of changing U.S.-Canadian currency exchange rates on participation and welfare of U.S. recreationists.

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KW - Economic development

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KW - Travel cost

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Modeling recreation demand in a poisson system of equations: An analysis of the impact of international exchange rates

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Keywords

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