Valuing a beach day using repeated nested logit model of participation and beach choice

Daniel K. Lew and Douglas M. Larson

No 291742, Western Economic Association Conference Archive from Western Economic Association

Abstract: Beach recreation values are often needed by policy-makers and resource managers to efficiently manage coastal resources, especially in popular coastal areas like Southern California. This paper presents welfare values derived from random utility maximization-based recreation demand models that explain an individual's decisions about whether or not to visit a beach and which beach to visit. The models are consistent with underlying time- and money-constrained choices and utilize labor market decisions to reveal each individual's opportunity cost of recreation time. The value of a beach day at San Diego County beaches is estimated to be between $21 and $26.

Keywords: Environmental Economics and Policy; Public Economics (search for similar items in EconPapers)
Pages: 32
Date: 2005-07
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/291742/files/WAEA-0206.PDF (application/pdf)

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:ags:weaarc:291742

DOI: 10.22004/ag.econ.291742

Access Statistics for this paper

More papers in Western Economic Association Conference Archive from Western Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().