A DEMAND THEORY FOR NUMBER OF TRIPS IN A RANDOM UTILITY MODEL OF RECREATION

Authors
PARSONS GR KEALY MJ
Citation
Gr. Parsons et Mj. Kealy, A DEMAND THEORY FOR NUMBER OF TRIPS IN A RANDOM UTILITY MODEL OF RECREATION, Journal of environmental economics and management, 29(3), 1995, pp. 357-367
Citations number
7
Categorie Soggetti
Business,Economics,"Environmental Studies
Journal title
Journal of environmental economics and management → ACNP
ISSN journal
00950696
Volume
29
Issue
3
Year of publication
1995
Part
1
Pages
357 - 367
Database
ISI
SICI code
0095-0696(1995)29:3<357:ADTFNO>2.0.ZU;2-M
Abstract
We present a simple random utility model of recreation site choice tha t incorporates an aggregate demand function for number of trips during a season. We derive the trip demand function using conventional deman d theory and use it to calculate seasonal welfare changes due to impro vements in site characteristics or addition of new sites. The model is based on Bockstael, et al.'s participation function. (C) 1995 Academi c Press, Inc.