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Water Recreation, Demand, and Supply
Author(s) -
Seneca Joseph J.
Publication year - 1969
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr005i006p01179
Subject(s) - recreation , pooling , supply and demand , sample (material) , estimation , time series , econometrics , section (typography) , series (stratigraphy) , water supply , environmental science , computer science , statistics , economics , mathematics , environmental engineering , microeconomics , paleontology , chemistry , management , chromatography , artificial intelligence , political science , law , operating system , biology
This paper discusses the problems involved in identifying valid demand and supply parameters estimated from sample data on recreation. It is argued that an analysis of cross section data permits the quantification of the effects of demand variables. Cross section results can then be pooled with recreation time series to enable the valid estimation of supply parameters. These supply parameters can be used to improve decisions regarding the expansion and development of recreation sites. More refined projections of rates of use can be derived for use as benefit measures in cost‐benefit analysis. An example of the pooling technique is presented using demand equations estimated from the National Recreation Surveys and a time series of visitation data at the Tennessee Valley lakes. The results tend to confirm the superiority of the method proposed, particularly in comparison with an analysis using only time series data.