IDEAS home Printed from https://ideas.repec.org/a/eee/ecolec/v106y2014icp56-68.html
   My bibliography  Save this article

Weather conditions and outdoor recreation: A study of New England ski areas

Author

Listed:
  • Beaudin, Laura
  • Huang, Ju-Chin

Abstract

We present a structural model and employ discrete time survival analysis to examine the impact of weather conditions on firms' exit decisions within the New England ski industry. Our results suggest that weather conditions can have significant direct and indirect effects on the closure of ski areas. The results also indicate that larger ski areas are more likely to engage in investment activities to help offset the effects of adverse weather conditions, which tip the odds of success in favor of these ski areas. Consequently, this study shows that climate change may have played a significant role in altering the market structure of the New England ski industry.

Suggested Citation

  • Beaudin, Laura & Huang, Ju-Chin, 2014. "Weather conditions and outdoor recreation: A study of New England ski areas," Ecological Economics, Elsevier, vol. 106(C), pages 56-68.
    • Handle: RePEc:eee:ecolec:v:106:y:2014:i:c:p:56-68
    DOI: 10.1016/j.ecolecon.2014.07.011
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0921800914002134
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ecolecon.2014.07.011?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Maria Berrittella & Andrea Bigano & Roberto Roson & Richard S.J. Tol, 2004. "A General Equilibrium Analysis Of Climate Change Impacts On Tourism," Working Papers FNU-49, Research unit Sustainability and Global Change, Hamburg University, revised Nov 2004.
    2. Jenkins, Stephen P, 1995. "Easy Estimation Methods for Discrete-Time Duration Models," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 57(1), pages 129-138, February.
    3. Bosello, Francesco & Roson, Roberto & Tol, Richard S.J., 2006. "Economy-wide estimates of the implications of climate change: Human health," Ecological Economics, Elsevier, vol. 58(3), pages 579-591, June.
    4. Francesco Bosello & Roberto Roson & Richard Tol, 2007. "Economy-wide Estimates of the Implications of Climate Change: Sea Level Rise," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 37(3), pages 549-571, July.
    5. Richard Tol, 2002. "Estimates of the Damage Costs of Climate Change. Part 1: Benchmark Estimates," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 21(1), pages 47-73, January.
    6. Steven Stern, 1997. "Simulation-Based Estimation," Journal of Economic Literature, American Economic Association, vol. 35(4), pages 2006-2039, December.
    7. Daniel Scott & Geoff McBoyle, 2007. "Climate change adaptation in the ski industry," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 12(8), pages 1411-1431, October.
    8. Richard Tol, 2012. "On the Uncertainty About the Total Economic Impact of Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(1), pages 97-116, September.
    9. Bigano, Andrea & Bosello, Francesco & Roson, Roberto & Tol, Richard S.J., 2006. "Economy-Wide Estimates of the Implications of Climate Change: A Joint Analysis for Sea Level Rise and Tourism," Climate Change Modelling and Policy Working Papers 12022, Fondazione Eni Enrico Mattei (FEEM).
    10. T. Fukushima & M. Kureha & N. Ozaki & Y. Fujimori & H. Harasawa, 2002. "Influences of air temperature change on leisure industries – case study on ski activities –," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 7(2), pages 173-189, June.
    11. Morey, Edward R, 1984. "The Choice of Ski Areas: Estimation of a Generalized CES Preference Ordering with Characteristics," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 584-590, November.
    12. Falk, Martin, 2013. "A survival analysis of ski lift companies," Tourism Management, Elsevier, vol. 36(C), pages 377-390.
    13. Lorenzo Cappellari & Stephen P. Jenkins, 2003. "Multivariate probit regression using simulated maximum likelihood," Stata Journal, StataCorp LP, vol. 3(3), pages 278-294, September.
    14. Luis Gomez-Echeverri, 2013. "The changing geopolitics of climate change finance," Climate Policy, Taylor & Francis Journals, vol. 13(5), pages 632-648, September.
    15. Morey, Edward R., 1985. "Characteristics, consumer surplus, and new activities : A proposed ski area," Journal of Public Economics, Elsevier, vol. 26(2), pages 221-236, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Parthum, Bryan & Christensen, Peter, 2022. "A market for snow: Modeling winter recreation patterns under current and future climate," Journal of Environmental Economics and Management, Elsevier, vol. 113(C).
    2. Falk, Martin & Vanat, Laurent, 2016. "Gains from investments in snowmaking facilities," Ecological Economics, Elsevier, vol. 130(C), pages 339-349.
    3. XU Peng, 2021. "Population Aging and Small Business Exits," Discussion papers 21091, Research Institute of Economy, Trade and Industry (RIETI).
    4. Elena Cefis & Cristina Bettinelli & Alex Coad & Orietta Marsili, 2022. "Understanding firm exit: a systematic literature review," Small Business Economics, Springer, vol. 59(2), pages 423-446, August.
    5. Daniel Moscovici, 2022. "Ski Resort Closures and Opportunities for Sustainability in North America," Land, MDPI, vol. 11(4), pages 1-17, March.
    6. Robert Steiger & Eva Posch & Gottfried Tappeiner & Janette Walde, 2020. "Effects of climate change on tourism demand considering individual seasonal preferences," Working Papers 2020-08, Faculty of Economics and Statistics, University of Innsbruck.
    7. Smith, Jordan W. & Seekamp, Erin & McCreary, Allie & Davenport, Mae & Kanazawa, Mark & Holmberg, Kerry & Wilson, Bruce & Nieber, John, 2016. "Shifting demand for winter outdoor recreation along the North Shore of Lake Superior under variable rates of climate change: A finite-mixture modeling approach," Ecological Economics, Elsevier, vol. 123(C), pages 1-13.
    8. Shijin Wang, 2024. "Opportunities and threats of cryosphere change to the achievement of UN 2030 SDGs," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-13, December.
    9. L. Beaudin & J. Skaza, 2015. "Measuring the total impact of demographic and behavioural factors on the risk of obesity accounting for the depression status: a structural model approach using new BMI," Applied Economics, Taylor & Francis Journals, vol. 47(55), pages 6041-6053, November.
    10. Martin Falk & Robert Steiger, 2020. "Size facilitates profitable ski lift operations," Tourism Economics, , vol. 26(7), pages 1197-1211, November.
    11. Martin Falk, 2015. "Returns to investments in new ski lifts: the importance of weather conditions and elevation," ERSA conference papers ersa15p1379, European Regional Science Association.
    12. Martin Falk & Robert Steiger, 2018. "An Exploration of the Debt Ratio of Ski Lift Operators," Sustainability, MDPI, vol. 10(9), pages 1-16, August.
    13. Martin Falk & Sigbjorn Landazuri Tveteraas, 2020. "Modelling the wider effects of ski lift investments," Empirical Economics, Springer, vol. 59(1), pages 259-274, July.
    14. Steiger, Robert & Posch, Eva & Tappeiner, Gottfried & Walde, Janette, 2020. "The impact of climate change on demand of ski tourism - a simulation study based on stated preferences," Ecological Economics, Elsevier, vol. 170(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eboli, Fabio & Parrado, Ramiro & Roson, Roberto, 2010. "Climate-change feedback on economic growth: explorations with a dynamic general equilibrium model," Environment and Development Economics, Cambridge University Press, vol. 15(5), pages 515-533, October.
    2. Roberto Roson & Martina Sartori, 2016. "Estimation of Climate Change Damage Functions for 140 Regions in the GTAP 9 Database," Journal of Global Economic Analysis, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, vol. 1(2), pages 78-115, December.
    3. Andrea Bigano & Francesco Bosello & Roberto Roson & Richard Tol, 2008. "Economy-wide impacts of climate change: a joint analysis for sea level rise and tourism," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 13(8), pages 765-791, October.
    4. Richard S J Tol, 2018. "The Economic Impacts of Climate Change," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 12(1), pages 4-25.
    5. Richard S. J. Tol, 2009. "The Economic Effects of Climate Change," Journal of Economic Perspectives, American Economic Association, vol. 23(2), pages 29-51, Spring.
    6. Roberto Roson & Martina Sartori, 2016. "Climate change damage (or, more correctly, impact) functions relate variations in temperature (or other climate variables) to economic impacts in various dimensions, and are at the basis of quantitati," IEFE Working Papers 86, IEFE, Center for Research on Energy and Environmental Economics and Policy, Universita' Bocconi, Milano, Italy.
    7. Roberto Roson & Francesco Bosello, 2007. "Estimating a Climate Change Damage Function through General Equilibrium Modeling," Working Papers 2007_08, Department of Economics, University of Venice "Ca' Foscari".
    8. Margherita Grasso & Matteo Manera & Aline Chiabai & Anil Markandya, 2012. "The Health Effects of Climate Change: A Survey of Recent Quantitative Research," IJERPH, MDPI, vol. 9(5), pages 1-25, April.
    9. Boureima Sawadogo, 2022. "Drought Impacts on the Crop Sector and Adaptation Options in Burkina Faso: A Gender-Focused Computable General Equilibrium Analysis," Sustainability, MDPI, vol. 14(23), pages 1-22, November.
    10. Ackerman, Frank & Stanton, Elizabeth A., 2006. "Can Climate Change Save Lives? A comment on “Economy-wide estimates of the implications of climate change: Human health"," Working Papers 37240, Tufts University, Global Development and Environment Institute.
    11. Francesco Bosello & Lorenza Campagnolo & Raffaello Cervigni & Fabio Eboli, 2018. "Climate Change and Adaptation: The Case of Nigerian Agriculture," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 69(4), pages 787-810, April.
    12. Karen Fisher-Vanden & Ian Sue Wing & Elisa Lanzi & David Popp, 2013. "Modeling climate change feedbacks and adaptation responses: recent approaches and shortcomings," Climatic Change, Springer, vol. 117(3), pages 481-495, April.
    13. Maria Berrittella & Andrea Bigano & Roberto Roson & Richard S.J. Tol, 2004. "A General Equilibrium Analysis Of Climate Change Impacts On Tourism," Working Papers FNU-49, Research unit Sustainability and Global Change, Hamburg University, revised Nov 2004.
    14. Bosello, Francesco & Roson, Roberto & Tol, Richard S.J., 2006. "Economy-wide estimates of the implications of climate change: Human health," Ecological Economics, Elsevier, vol. 58(3), pages 579-591, June.
    15. Dellink, Rob & Lanzi, Elisa, 2017. "The joint economic consequences of climate change and air pollution," Conference papers 332909, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Matthias Kalkuhl & Ottmar Edenhofer, 2016. "Knowing the Damages is not Enough: The General Equilibrium Impacts of Climate Change," CESifo Working Paper Series 5862, CESifo.
    17. Stéphane Hallegatte, 2005. "Interactions d'échelles en économie : Application à l'évaluation intégré des dommages du changement climatique et des événements extrêmes," CIRED Working Papers halshs-00008712, HAL.
    18. Bosello, Francesco & Roson, Roberto, 2006. "Climate Change, Energy Demand and Market Power in a General Equilibrium Model of the World Economy," Conference papers 331448, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    19. Domenico Enrico Massimo & Vincenzo Del Giudice & Alessandro Malerba & Carlo Bernardo & Mariangela Musolino & Pierfrancesco De Paola, 2021. "Valuation of Ecological Retrofitting Technology in Existing Buildings: A Real-World Case Study," Sustainability, MDPI, vol. 13(13), pages 1-35, June.
    20. Enrica De Cian & Elisa Lanzi & Roberto Roson, 2007. "The Impact of Temperature Change on Energy Demand: A Dynamic Panel Analysis," Working Papers 2007.46, Fondazione Eni Enrico Mattei.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:106:y:2014:i:c:p:56-68. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolecon .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.