Use of Bootstrap Method to Obtain Reliable Parameter Estimations on Travel Cost Demand Model

Nirmala Devkota, Krishna P. Paudel, Larry Hall and Rex H. Caffey

No 35471, 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida from Southern Agricultural Economics Association

Abstract: We used poisson and negative binomial models to estimate future demand of recreation trips to a closed site using internet and intercept surveys. Parameter estimates were validated using 1,000 bootstrap replications. Result indicated a significant negative impact of travel time and positive impact of income on the future recreational demand.

Keywords: Resource /Energy Economics and Policy (search for similar items in EconPapers)
Date: 2006
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