Estimating the Recreation Demand and Economic Value of Mountain Biking in Moab,Utah: An Application of Count Data Models |
| |
| Authors: | Kalyan Chakraborty John E Keith |
| |
| Institution: | 1. School of Forestry and Wildlife , Auburn University , Auburn, AL, 36849, USA;2. Department of Economics , Utah State University , Logan, UT, 84322‐3530, USA |
| |
| Abstract: | This paper reports the results of both standard and truncated count data travel cost demand models for estimating demand for and the economic value to participants in mountain biking in the Moab, Utah, area. The empirical estimates for average trip demand per person per season were 2.25 and 2.53 trips under truncated Poisson and truncated negative binomial models, respectively. Consumer surplus per person per trip for both models was approximately US $585. The total annual use value for mountain biking in the Moab area was US $1.33 million. This value suggests that this recreation has a higher value than most other activities in the area and that public land managers should be aware of the relative value of mountain biking as they make allocation decisions. |
| |
| Keywords: | |
|
|
