Endogenous On-Site Time in the Recreation Demand Model

Matthew D. Berman and Hong Jin Kim

Land Economics, 1999, vol. 75, issue 4, 603-619

Abstract: Careful modeling of on-site time may substantially improve estimates of the benefits of recreational visits using the travel cost method, especially when on-site time is endogenous. This paper reviews the theory of endogenous on-site time, and shows how the theory may apply to the Random Utility Model (RUM). An empirical example of a two-level, nested-choice model of sport fishing in southcentral Alaska illustrates a discussion of the relative advantages of the different ways to specify endogenous onsite time.

JEL-codes: Q26 (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:75:y:1999:i:4:p:603-619

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