Sensitivity of Whitewater Rafting Consumers' Surplus to Pecuniary Travel Cost Specifications |
| |
| Institution: | 1. Centre for Global Food and Resources, The University of Adelaide, Adelaide, Australia;2. School of Economics and Public Policy, The University of Adelaide, Adelaide, Australia;3. UniSA Business, University of South Australia, Adelaide, Australia;4. Faculty of Agronomy and Forestry Engineering, Department of Rural Engineering, Eduardo Mondlane University, Maputo, Mozambique;5. Department of Economics and Social Studies, Ardhi University, Dar es Salaam, Tanzania;6. International Crops Research Institute for the Semi-arid Tropics, Bulawayo, Zimbabwe |
| |
| Abstract: | Considerable research has examined how different ways of accounting for onsite and travel time affect surplus estimates from travel cost models. However, little has been done regarding different definitions of out-of-pocket costs. Estimates of per trip consumer surplus are developed for a zonal travel cost model for outfitted rafting on the Chattooga River. Nine price definitions are used for each of three functional forms. Three price definitions are based on mileage rates times round-trip distance, plus outfitter fees. The remaining six definitions are based on reported spending, using three different sets of expenditures and two methods of imputing prices for zero-visit zones. |
| |
| Keywords: | |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
