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A Simple Repackaging Model of Recreational Choices

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  • Elizabeth A. Wilman

Abstract

The traditional travel cost model uses trips (or visits) as its measure of quantity and travel cost per trip (or visit) as its price. However, because many estimated demand curves do not hold visit length constant, they cannot be used to value increments of use. The simple repackaging model of Muellbauer, and Fisher and Shell is used to derive demand curves exhibiting constant visit length from demand curves exhibiting variable visit length. The former allow the marginal quantity valuations that are necessary for management decisions involving capacity or use.

Suggested Citation

  • Elizabeth A. Wilman, 1987. "A Simple Repackaging Model of Recreational Choices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(3), pages 603-612.
    • Handle: RePEc:oup:ajagec:v:69:y:1987:i:3:p:603-612.
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    File URL: http://hdl.handle.net/10.2307/1241695
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    Cited by:

    1. E J Comeaux & B R Sarker, 2006. "Optimal inventory policy for specialty chemical products in multiple packages," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 57(4), pages 357-366, April.
    2. Wiktor Adamowicz & Sarah Jennings & Alison Coyne, 1989. "A Sequential Choice Alternative to the Travel Cost Model," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 37(4), pages 1305-1305, December.
    3. Wiktor L. Adamowicz, 1988. "Behavioral Implications of Nonmarket Valuation Models," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 36(4), pages 929-939, December.
    4. Isabel Mendes & Isabel Proença, 2009. "Measuring the Social Recreation Per-Day Net Benefit of Wildlife Amenities of a National Park: A Count-Data Travel Cost Approach," Working Papers Department of Economics 2009/35, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    5. Isabel Mendes & Isabel Proença, 2005. "Estimating the Recreation Value of Ecosystems by Using a Travel Cost Method Approach," Working Papers Department of Economics 2005/08, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.

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