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International Food and Agribusiness Management Review >
Volume 07, Issue 4, 2004 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/8125
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| Title: | The Demand for Wine Tourism in Canyon County, Idaho |
| Authors: | Taylor, R. Garth
Woodall, Stacie
Wandschneider, Philip R.
Foltz, John C. |
| Keywords: | Travel cost model
Wine tourism
Wine marketing |
| Issue Date: | 2004 |
| Abstract: | Many commercial wineries produce a dual product: commercial wine and wine tourism. Since Idaho wineries charge no entry price, wine tourism demand can only be ascertained with a shadow price for winery visitation. Demand for wine tourism visits for Canyon County in southern Idaho was estimated using the travel cost method. Trip demand was inelastic (-0.4 to -0.6) with respect to own price. The average value of Canyon County wine tourism ranged from $6 to $12 per person per trip, depending upon the assumed opportunity cost of travel time. Elasticities of tastes and preferences, closely related goods, and income were estimated with a view to understanding the market for Idaho's emerging wine tourism industry. |
| URI: | http://purl.umn.edu/8125 |
| Institution/Association: | International Food and Agribusiness Management Review>Volume 07, Issue 04, 2004 |
| Total Pages: | 18 |
| Language: | English |
| From Page: | 58 |
| To Page: | 75 |
| Collections: | Volume 07, Issue 4, 2004
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| 0704ta01.pdf | 216Kb | PDF | View/Open |
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