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 language | English (US) |
---|---|
Pages (from-to) | 255-263 |
Number of pages | 9 |
Journal | American Journal of Agricultural Economics |
Volume | 80 |
Issue number | 2 |
DOIs | |
State | Published - May 1998 |
Externally published | Yes |
Keywords
- Demand systems
- Economic development
- Poisson
- Travel cost
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics