Convergent Validity of Revealed and Stated Recreation Behavior with Quality Change: A Comparison of Multiple and Single Site Demands
John Whitehead (),
Christopher F. Dumas,
Jeffrey Hill and
No 07-17, Working Papers from Department of Economics, Appalachian State University
We consider the convergent validity of several demand models using beach recreation data. Two models employ multiple site data: a count data demand system model and the Kuhn-Tucker demand system model. We explore the role of existing variation in beach width in explaining trip choices, and analyze a hypothetical 100 foot increase in beach width. We compare these models to a single equation model where we jointly estimate revealed and stated preference trip data, and focus on a hypothetical scenario considering a 100 foot increase in beach width. In each case we develop estimates of the change in beach visits and the welfare impacts from the increase in width. The trip change estimates from two of the three models are similar and convergent valid, though the willingness to pay estimates differ in magnitude. Key Words: Recreation Demand, Travel Cost Method, Convergent Validity
JEL-codes: Q51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-dcm, nep-env and nep-tur
Date: 2007, Revised 2008
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Journal Article: Convergent Validity of Revealed and Stated Recreation Behavior with Quality Change: A Comparison of Multiple and Single Site Demands (2010)
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Persistent link: http://EconPapers.repec.org/RePEc:apl:wpaper:07-17
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