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Two Nested Constant-Elasticity-of-Substitution Models of Recreational Participation and Site Choice: An ‘Alternatives’ Model and an ‘Expenditures’ Model

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  • Edward R. Morey
  • William S. Breffle
  • Pamela A. Greene

Abstract

Two demand models of recreational participation and site choice are developed: an alternatives model and an expenditures model. Both assume maximization of utility over the year, so allow for diminishing marginal utility. They do not impose the restrictive assumption that where one goes on a trip is independent of where one plans to go on other occasions. Estimation is with a nested constant-elasticity-of-substitution preference ordering: it is relatively easy to estimate because of global regularity, it allows sites to be complements, and it has the potential to be locally flexible. The application is to Atlantic salmon fishing. Copyright 2001, Oxford University Press.

Suggested Citation

  • Edward R. Morey & William S. Breffle & Pamela A. Greene, 2001. "Two Nested Constant-Elasticity-of-Substitution Models of Recreational Participation and Site Choice: An ‘Alternatives’ Model and an ‘Expenditures’ Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 414-427.
    • Handle: RePEc:oup:ajagec:v:83:y:2001:i:2:p:414-427
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    File URL: http://hdl.handle.net/10.1111/0002-9092.00166
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    Cited by:

    1. Neelam C. Poudyal & Bamadev Paudel & Gary T. Green, 2013. "Estimating the Impact of Impaired Visibility on the Demand for Visits to National Parks," Tourism Economics, , vol. 19(2), pages 433-452, April.
    2. Richard Batley & Thijs Dekker, 2019. "The Intuition Behind Income Effects of Price Changes in Discrete Choice Models, and a Simple Method for Measuring the Compensating Variation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(1), pages 337-366, September.
    3. Erda Wang & Jianhua Wei & Jiawei Zhu, 2017. "The effects of improving coastal park attributes on the recreation demand—A case study in Dalian China," Tourism Economics, , vol. 23(1), pages 133-149, February.
    4. Martina Menon & Federico Perali & Marcella Veronesi, 2014. "Recovering Individual Preferences for Non-Market Goods: A Collective Travel-Cost Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 96(2), pages 438-457.
    5. Richards, Timothy J., 2004. "Price and Product-Line Rivalry Among Supermarket Retailers," Working Papers 28535, Arizona State University, Morrison School of Agribusiness and Resource Management.
    6. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761, Elsevier.

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