Taking stock of progress with travel cost recreation demand methods: theory and implementation

V. K. Smith

Research output: Contribution to journalArticle

39 Scopus citations

Abstract

This article summarizes the conceptual development and empirical implementation of the travel cost recreation demand model by: describing its theoretical underpinnings; outlining how theory must be adapted for the needs imposed by available data and explaining issues to be considered in the future. Applications of the travel cost model have evolved from studies conducted at an aggregate level with origin zone data to an almost exclusive focus on micro data concentrating on individuals' recreational choices. These applications have broad implications. They are among the most detailed and extensive illustrations of models for corner solution and discrete choice problems in microeconomics. Equally important, they explore the theoretical and practical implications of the household production framework. Finally, they also provide examples of how a commodity's quality can be considered as an argument in describing individuals' consumption choices. -Author

Original languageEnglish (US)
Pages (from-to)279-310
Number of pages32
JournalMarine Resource Economics
Volume6
Issue number4
DOIs
StatePublished - Jan 1 1989

ASJC Scopus subject areas

  • Oceanography
  • Geography, Planning and Development
  • Economics and Econometrics
  • Management, Monitoring, Policy and Law

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