The Impacts of Demographic Variables on the Price and Income Coefficients of the Travel Cost Model

Huei-Yann Jeng

No 270206, 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Economic and sociological studies have obtained significant statistical results for determinants of participation in recreation. We develop a recreational demand function incorporating socio-psychological factors. Economic value estimates of Ohio's Lake Erie water-oriented recreation activities with and without socio-psychological factors are compared. Consumer's surplus is over-estimated when socio-psychological factors are excluded.

Keywords: Agricultural and Food Policy; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 9
Date: 1988-08-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea88:270206

DOI: 10.22004/ag.econ.270206

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