The Impacts of Demographic Variables on the Price and Income Coefficients of the Travel Cost Model

Economic and sociological studies have obtained significant statistical results for determinants of participation in recreation. We develop a recreational demand function incorporating socio-psychological factors. Economic value estimates of Ohio's Lake Erie water-oriented recreation activities with and without socio-psychological factors are compared. Consumer's surplus is over-estimated when socio-psychological factors are excluded.


Issue Date:
Aug 01 1988
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270206
Language:
English
Total Pages:
9




 Record created 2018-03-29, last modified 2020-10-28

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