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Incorporating Site Quality And Substitution Effects Into A Lake Recreational Demand Model

Author

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  • Caulkins, Peter
  • Bouwes Sr., Nicolaas W.

Abstract

The authors develope a multinominal, logit model that estimates (1) how recreationists allocate their lake visits among alternative sites and (2) how frequently they participate in lake recreation during the year. Estimation procedures confirm the hypothesis that substitutes and quality characteristics are important determinants of demand for lake recreation.

Suggested Citation

  • Caulkins, Peter & Bouwes Sr., Nicolaas W., 1982. "Incorporating Site Quality And Substitution Effects Into A Lake Recreational Demand Model," 1982 Annual Meeting, August 1-4, Logan, Utah 279201, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279201
    DOI: 10.22004/ag.econ.279201
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    References listed on IDEAS

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    1. Charles Blackorby & Daniel Primont & R. Robert Russell, 1975. "Budgeting, Decentralization, and Aggregation," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 4, number 1, pages 23-48, National Bureau of Economic Research, Inc.
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    4. Theil, Henri, 1969. "A Multinomial Extension of the Linear Logit Model," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 10(3), pages 251-259, October.
    5. BARTEN, Anton P., 1969. "Maximum likelihood estimation of a complete system of demand equations," LIDAM Reprints CORE 34, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Barten, A. P., 1969. "Maximum likelihood estimation of a complete system of demand equations," European Economic Review, Elsevier, vol. 1(1), pages 7-73.
    7. Baxter, Nevins D & Cragg, John G, 1970. "Corporate Choice Among Long-Term Financing Instruments," The Review of Economics and Statistics, MIT Press, vol. 52(3), pages 225-235, August.
    8. Morey, Edward R., 1981. "The demand for site-specific recreational activities: A characteristics approach," Journal of Environmental Economics and Management, Elsevier, vol. 8(4), pages 345-371, December.
    9. Burt, Oscar R & Brewer, Durward, 1971. "Estimation of Net Social Benefits from Outdoor Recreation," Econometrica, Econometric Society, vol. 39(5), pages 813-827, September.
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