TRAVEL COST MODELS OF THE DEMAND FOR ROCK CLIMBING

In this paper we estimate the demand for rock climbing and calculate welfare measures for changing access to a number of climbs at a climbing area. In addition to the novel recreation application, we extend the travel cost methodology by combining the double hurdle count data model (DH) with a multinomial logit model of site-choice. The combined model allows us simultaneously to explain the decision to participate and to allocate trips among sites. The application is to climbers who visit one of the premiere rock-climbing areas in the northeastern United States and its important substitute sites. We also estimate a conventional welfare measure, which is the maximum WTP to avoid loss of access to the climbing site.


Issue Date:
1996-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31408
Published in:
Agricultural and Resource Economics Review, Volume 25, Number 2
Page range:
133-142
Total Pages:
10




 Record created 2017-04-01, last modified 2017-08-24

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