Modeling recreation demand within a random utility framework

V. Kerry Smith, Yoshiaki Kaoru

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

This paper develops a single site, single trip random utility model for describing recreation behavior. The model is applied to a 1981 survey of households in the Pennsylvania Monongahela River Basin. Hicksian benefit estimates derived from it are compared with those from a more conventional travel cost model estimated from the same survey.

Original languageEnglish (US)
Pages (from-to)395-399
Number of pages5
JournalEconomics Letters
Volume22
Issue number4
DOIs
StatePublished - 1986
Externally publishedYes

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Recreation demand
Random utility
Modeling
Recreation
Travel cost model
Household
River basin
Random utility model

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

Cite this

Modeling recreation demand within a random utility framework. / Smith, V. Kerry; Kaoru, Yoshiaki.

In: Economics Letters, Vol. 22, No. 4, 1986, p. 395-399.

Research output: Contribution to journalArticle

Smith, V. Kerry ; Kaoru, Yoshiaki. / Modeling recreation demand within a random utility framework. In: Economics Letters. 1986 ; Vol. 22, No. 4. pp. 395-399.
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