The Economic Value of Viewing Migratory Shorebirds on the Delaware Bay: An Application of the Single Site Travel Cost Model Using On-Site Data
George Parsons and
Kelley H. Myers ()
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Kelley H. Myers: School of Marine Science and Policy, University of Delaware
No 11-03, Working Papers from University of Delaware, Department of Economics
Using data from an on-site survey of recreational birders in southern Delaware during the annual horseshoe crab/shorebird spring migration, we estimated four truncated count data models of recreation demand accounting for endogenous stratification due to onsite sampling. We analyzed day-trips only and conducted sensitivity analysis on measurement of the value of time and inclusion of covariates. Our estimates from the models using all covariates were in the range of $40 to $178/trip/household (2008$). The variation is due to differences in the value of time. The average household size is 1.66.
Keywords: Travel-Cost Model; Shorebirds; Valuation (search for similar items in EconPapers)
JEL-codes: Q51 (search for similar items in EconPapers)
Pages: 22 pages
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Working Paper: The economic value of viewing migratory shorebirds on the Delaware Bay: An application of the single site travel cost model using on-site data (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:dlw:wpaper:11-03.
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