The Role of On-Site Time in Recreational Demand for Wilderness

Treatment of time in travel cost models has been a source of contention among economists. The debate persists because welfare estimates, which are the principal objectives of these studies, are highly sensitive to the treatment of time. The present study examines the dual role of on-site time using evidence from two wilderness areas in Alabama. The empirical results comply with the theoretical expectation that on-site time is both a source of utility and cost. The exclusion of on-site time from demand functions results in biased parameter estimates. In particular, it yields smaller own-price coefficients and higher welfare estimates.

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Journal Article
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Journal of Agricultural and Applied Economics, Volume 35, Number 1
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JEL Codes:
C24; D60; J20; Q26

 Record created 2017-04-01, last modified 2017-08-25

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