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The Impacts of Demographic Variables on the Price and Income Coefficients of the Travel Cost Model

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  • Jeng, Huei-Yann

Abstract

Economic and sociological studies have obtained significant statistical results for determinants of participation in recreation. We develop a recreational demand function incorporating socio-psychological factors. Economic value estimates of Ohio's Lake Erie water-oriented recreation activities with and without socio-psychological factors are compared. Consumer's surplus is over-estimated when socio-psychological factors are excluded.

Suggested Citation

  • Jeng, Huei-Yann, 1988. "The Impacts of Demographic Variables on the Price and Income Coefficients of the Travel Cost Model," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270206, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea88:270206
    DOI: 10.22004/ag.econ.270206
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    References listed on IDEAS

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    1. Pollak, Robert A & Wales, Terence J, 1980. "Comparison of the Quadratic Expenditure System and Translog Demand Systems with Alternative Specifications of Demographic Effects," Econometrica, Econometric Society, vol. 48(3), pages 595-612, April.
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    Cited by:

    1. Schick, M., 1991. "Lattice model of amphiphilic systems: A review," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 172(1), pages 200-208.
    2. Abillon, O. & Lee, L.T. & Langevin, D. & Wong, K., 1991. "Microemulsions: Structures, surfactant layer properties and wetting transitions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 172(1), pages 209-218.

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