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The Welfare Impacts of Unanticipated Trip Limitations in Travel Cost Models

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  • Richard T. Woodward
  • Dhazn Gillig
  • Wade L. Griffin
  • Teofilo Ozuna, Jr.

Abstract

Travel cost models are routinely used to assess the impact of policy changes on consumer’ s surplus. In this paper we show that when the policy change leads to a partial closure of the resource, then the standard use of consumer’ s surplus per trip can be inappropriate depending upon the theoretical behavioral model underlying the analysis. We demonstrate the importance of theoretical model choice using an analysis of the Gulf of Mexico’ s recreational red snapper ® shery.

Suggested Citation

  • Richard T. Woodward & Dhazn Gillig & Wade L. Griffin & Teofilo Ozuna, Jr., 2001. "The Welfare Impacts of Unanticipated Trip Limitations in Travel Cost Models," Land Economics, University of Wisconsin Press, vol. 77(3), pages 327-338.
    • Handle: RePEc:uwp:landec:v:77:y:2001:i:3:p:327-338
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    References listed on IDEAS

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    1. Mkwara, Lena & Marsh, Dan & Scarpa, Riccardo, 2015. "The effect of within-season variability on estimates of recreational value for trout anglers in New Zealand," Ecological Economics, Elsevier, vol. 119(C), pages 338-345.

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    More about this item

    JEL classification:

    • Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources

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