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AgEcon Search >
Western Journal of Agricultural Economics >
Volume 03, Number 01, July 1978 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/32405
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| Title: | USE OF PRINCIPAL COMPONENT ATTRACTIVENESS INDEXES IN RECREATION DEMAND FUNCTIONS |
| Authors: | Wetzstein, Michael E.
Green, Richard D. |
| Issue Date: | 1978-07 |
| Abstract: | The method of principal components is used to construct attractiveness indexes for existing and proposed wilderness areas in California. Rankings of areas based on this procedure are compared with those based on size and the subjective attractiveness index developed by the Forest Service. The derived indexes are then used to develop alternative opportunities variables that appear as explanatory variables in outdoor recreation demand functions. Results indicate that substantially better explanatory capacity can be achieved over alternative measures by including a competitive factor in the demand functions. The paper concludes by considering the substitution effects of introducing new wilderness areas into the system. |
| URI: | http://purl.umn.edu/32405 |
| Institution/Association: | Western Journal of Agricultural Economics>Volume 03, Number 01, July 1978 |
| Total Pages: | 12 |
| Language: | English |
| From Page: | 11 |
| To Page: | 22 |
| Collections: | Volume 03, Number 01, July 1978
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| 03010011.pdf | 654Kb | PDF | View/Open |
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