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A Primer on Nonmarket ValuationTravel Cost Models

A Primer on Nonmarket Valuation: Travel Cost Models [This chapter provides an introduction to Travel Cost Models used to estimate recreation demand and value recreational uses of the environment such as fishing, rock climbing, hunting, boating, etc. It includes a brief history, covers single-site and random-utility-based models, and discusses current issues and topics. The chapter is laid out in a step-by-step primer fashion. It is suitable for first-timers learning about travel cost modeling as well as seasoned analysts looking for a refresher on current approaches. The chapter includes an application of the random-utility-based model to beach use on the east coast of the USA along with measures of welfare loss for beach closures and changes in beach width.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Primer on Nonmarket ValuationTravel Cost Models

Part of the The Economics of Non-Market Goods and Resources Book Series (volume 13)
Editors: Champ, Patricia A.; Boyle, Kevin J.; Brown, Thomas C.
Parsons, George R.
A Primer on Nonmarket Valuation — Feb 11, 2017
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Publisher
Springer Netherlands
Copyright
© Springer Science+Business Media B.V. (outside the USA) 2017
ISBN
978-94-007-7103-1
Pages
187 –233
DOI
10.1007/978-94-007-7104-8_6
Publisher site
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Abstract

[This chapter provides an introduction to Travel Cost Models used to estimate recreation demand and value recreational uses of the environment such as fishing, rock climbing, hunting, boating, etc. It includes a brief history, covers single-site and random-utility-based models, and discusses current issues and topics. The chapter is laid out in a step-by-step primer fashion. It is suitable for first-timers learning about travel cost modeling as well as seasoned analysts looking for a refresher on current approaches. The chapter includes an application of the random-utility-based model to beach use on the east coast of the USA along with measures of welfare loss for beach closures and changes in beach width.]

Published: Feb 11, 2017

Keywords: Travel cost model; Recreation demand; Valuation; Welfare analysis; Random utility; Per-trip loss

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