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Recreation Evaluation Using a Characteristics Theory of Consumer Behavior

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  • Peter J. Greig

Abstract

An operational model is presented which can estimate ex ante the demand curve for a new recreation site or a site whose characteristics have been altered. The computer-based model is developed from Lancaster's theory of consumer behavior and is applied to data from a group of Australian ski areas to illustrate the procedural practicalities. The estimated shifts in the demand curve for one ski area following specified but hypothetical changes in its characteristics are used to estimate changes in the site's consumers' surplus as a basis for cost-benefit analysis of these changes in characteristics.

Suggested Citation

  • Peter J. Greig, 1983. "Recreation Evaluation Using a Characteristics Theory of Consumer Behavior," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 90-97.
    • Handle: RePEc:oup:ajagec:v:65:y:1983:i:1:p:90-97.
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    File URL: http://hdl.handle.net/10.2307/1240341
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    Cited by:

    1. Milon, J. Walter, . "Site Characteristics And Revealed Preferences For Outdoor Recreation," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 14(1), pages 1-4.

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