Premium
Measuring Recreation Values with Multiple Destination Trips
Author(s) -
Mendelsohn Robert,
Hof John,
Peterson George,
Johnson Reed
Publication year - 1992
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243190
Subject(s) - trips architecture , recreation , destinations , tourism , economic surplus , transport engineering , business , geography , economics , engineering , welfare , archaeology , law , political science , market economy
Traditional travel cost analysis has either ignored multiple destination trips or arbitrarily allocated trip costs across visited sites. In this paper, combinations of multiple destinations are treated as unique sites and incorporated into a demand system. Empirical demand functions for multiple destination trips that include Bryce National Park are estimated. Consumer surplus calculations for single destination and multiple destination trips are compared.