Modeling recreation demand within a random utility framework

V. Kerry Smith, Yoshiaki Kaoru

Research output: Contribution to journalArticle

10 Scopus citations

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

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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