COMPARISON OF ENVIRONMENTAL QUALITY-INDUCED DEMAND SHIFTS USING TIME-SERIES AND CROSS-SECTION DATA

Almost all applications of the Travel-Cost-Method demand function which include site quality variable(s) are multisite models. The results of this study serve as a note of warning that using the demand equation derived from multisite cross-sectional data to perform a benefit-cost analysis of changes in quality at a single site may not accurately predict the resulting change in the number of trips to that site. In this situation, estimates of the benefits of quality improvements may be unreliable.


Issue Date:
1990-07
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/32508
PURL Identifier:
http://purl.umn.edu/32508
Published in:
Western Journal of Agricultural Economics, Volume 15, Number 1
Page range:
83-90
Total Pages:
8




 Record created 2017-04-01, last modified 2018-01-22

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