Estimating the Recreational Value of Mountain Biking Sites in Scotland Using Count Data Models
Dominic Moran,
Esmond Tresidder and
Alistair McVittie
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Dominic Moran: Scottish Agricultural College, Kings Buildings, West Mains Road, Edinburgh EH9 3JG, UK
Esmond Tresidder: Former undergraduate student, School of Geosciences, University of Edinburgh, UK
Alistair McVittie: Scottish Agricultural College, Edinburgh, UK
Tourism Economics, 2006, vol. 12, issue 1, 123-135
Abstract:
Mountain biking is a relatively recent forest recreational activity and this paper estimates the use value associated with purpose-built centres in southern Scotland. An on-site survey is used to generate visitor frequency that can be related to travel costs and participants' socio-economic characteristics. Count data regressions provide maximum likelihood estimates of model coefficients used to estimate expected per-trip economic surplus. The estimated consumer surplus for the Glentress biking range is £80 per visit. An aggregate value of £9.6 million is obtained, with an estimated 120,000 visits annually. While appreciable relative to the site investment outlay, data limitations lead the authors to caution against extrapolating this value over a range of substitute sites planned by the UK's Forestry Commission.
Keywords: travel cost; consumer surplus; count data; mountain biking; Scotland (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (9)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:12:y:2006:i:1:p:123-135
DOI: 10.5367/000000006776387097
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