A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Methodological problems in estimating recreational demand functions and evaluating recreational benefits
Flegg A. T. (1976) Methodological problems in estimating recreational demand functions and evaluating recreational benefits, Reg. Studies 10, 353–362. This paper uses data on three recreations at a Welsh reservoir to discuss various problems in specification of recreational demand functions. The conventional use of visits per caput as the dependent variable is found to introduce a strong bias into estimates of elasticities and to result in inflated estimates of benefits. It is argued that the practice of using highly aggregated data should be abandoned because it is likely to result in biased and inefficient estimates of cost-elasticities and spuriously high values for R 2. An iterative procedure is used to question the conventional assumption that travelling time is a cost. Finally, although the value-judgement implicit in the ‘Clawson method’ is criticised, estimates of benefits are found to be insensitive to variation of this value-judgement.
Methodological problems in estimating recreational demand functions and evaluating recreational benefits
Flegg A. T. (1976) Methodological problems in estimating recreational demand functions and evaluating recreational benefits, Reg. Studies 10, 353–362. This paper uses data on three recreations at a Welsh reservoir to discuss various problems in specification of recreational demand functions. The conventional use of visits per caput as the dependent variable is found to introduce a strong bias into estimates of elasticities and to result in inflated estimates of benefits. It is argued that the practice of using highly aggregated data should be abandoned because it is likely to result in biased and inefficient estimates of cost-elasticities and spuriously high values for R 2. An iterative procedure is used to question the conventional assumption that travelling time is a cost. Finally, although the value-judgement implicit in the ‘Clawson method’ is criticised, estimates of benefits are found to be insensitive to variation of this value-judgement.
Methodological problems in estimating recreational demand functions and evaluating recreational benefits
Flegg, A.T. (author)
Regional Studies ; 10 ; 353-362
1976-11-01
10 pages
Article (Journal)
Electronic Resource
Unknown
Estuary Management and Recreational Fishing Benefits
| Online Contents | 2004
Values of Recreational Benefits of Forestry
| British Library Conference Proceedings | 1989
A demand model for recreational travel
| Taylor & Francis Verlag | 1972
Recreational benefits from the Dartmoor National Park
| Online Contents | 1999
Tentative procedure for estimating recreational highway traffic
| Engineering Index Backfile | 1969