A Simple Repackaging Model of Recreational Choices

Elizabeth A. Wilman

American Journal of Agricultural Economics, 1987, vol. 69, issue 3, 603-612

Abstract: The traditional travel cost model uses trips (or visits) as its measure of quantity and travel cost per trip (or visit) as its price. However, because many estimated demand curves do not hold visit length constant, they cannot be used to value increments of use. The simple repackaging model of Muellbauer, and Fisher and Shell is used to derive demand curves exhibiting constant visit length from demand curves exhibiting variable visit length. The former allow the marginal quantity valuations that are necessary for management decisions involving capacity or use.

Date: 1987
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://hdl.handle.net/10.2307/1241695 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:69:y:1987:i:3:p:603-612.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().