TRAVEL COST MODELS OF THE DEMAND FOR ROCK CLIMBING

W. Shaw and Paul Jakus

Agricultural and Resource Economics Review, 1996, vol. 25, issue 2, 10

Abstract: In this paper we estimate the demand for rock climbing and calculate welfare measures for changing access to a number of climbs at a climbing area. In addition to the novel recreation application, we extend the travel cost methodology by combining the double hurdle count data model (DH) with a multinomial logit model of site-choice. The combined model allows us simultaneously to explain the decision to participate and to allocate trips among sites. The application is to climbers who visit one of the premiere rock-climbing areas in the northeastern United States and its important substitute sites. We also estimate a conventional welfare measure, which is the maximum WTP to avoid loss of access to the climbing site.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 1996
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Citations: View citations in EconPapers (32)

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Related works:
Journal Article: Travel Cost Models of the Demand for Rock Climbing (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:31408

DOI: 10.22004/ag.econ.31408

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