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Valuing a beach day using repeated nested logit model of participation and beach choice

Author

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  • Lew, Daniel K.
  • Larson, Douglas M.

Abstract

Beach recreation values are often needed by policy-makers and resource managers to efficiently manage coastal resources, especially in popular coastal areas like Southern California. This paper presents welfare values derived from random utility maximization-based recreation demand models that explain an individual's decisions about whether or not to visit a beach and which beach to visit. The models are consistent with underlying time- and money-constrained choices and utilize labor market decisions to reveal each individual's opportunity cost of recreation time. The value of a beach day at San Diego County beaches is estimated to be between $21 and $26.

Suggested Citation

  • Lew, Daniel K. & Larson, Douglas M., 2005. "Valuing a beach day using repeated nested logit model of participation and beach choice," Western Economic Association Conference Archive 291742, Western Economic Association.
    • Handle: RePEc:ags:weaarc:291742
    DOI: 10.22004/ag.econ.291742
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    Cited by:

    1. Baulcomb, Corinne & Böhnke-Henrichs, Anne, 2014. "A Review of the Marine Economic Valuation Literature 1975 – 2011: Classifying Existing Studies by Service Type, Value Type, and Valuation Methodology," Working Papers 190935, Scotland's Rural College (formerly Scottish Agricultural College), Land Economy & Environment Research Group.

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