The hedonic travel cost model: a view from the trenches.

V. K. Smith, Y. Kaoru

Research output: Contribution to journalArticle

18 Scopus citations

Abstract

Research was motivated by several theoretical issues that are important to the decision process described by the Brown- Mendelsohn (B-M) framework. The first of these arises from the HTC characterization of the recreation opportunities available to each household. Households generally face an array of available sites. In order to describe the individual's use pattern for all or a subset of these sites, an economic model must characterize how these aspects of the sites enter either the household's preferences or the perceived constraints on its available time and monetary resources.-from Authors

Original languageEnglish (US)
Pages (from-to)179-192
Number of pages14
JournalLand Economics
Volume63
Issue number2
DOIs
StatePublished - Jan 1 1987

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Economics and Econometrics

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