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 journalArticle

39 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 languageEnglish (US)
Pages (from-to)255-263
Number of pages9
JournalAmerican Journal of Agricultural Economics
Volume80
Issue number2
DOIs
StatePublished - May 1998
Externally publishedYes

Keywords

  • Demand systems
  • Economic development
  • Poisson
  • Travel cost

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

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