Temporal Stability of Recreation Choices

George Parsons and Stela Stefanova

No 49296, 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin from Agricultural and Applied Economics Association

Abstract: We evaluate the stability of coefficient and willingness to pay (WTP) estimates for recreation services over two time periods. To address this question, we estimate a Random Utility Maximization (RUM) model of recreation demand, using two datasets from different time periods, but concerning the same study area. We then compare the estimation results and evaluate the temporal stability of preferences that drive recreation choices. The two datasets are on trips made by Delaware residents to beaches in the Mid-Atlantic region: Delaware, New Jersey, Maryland and Northern Virginia. The first dataset was collected using a mail survey in 1997 and the second dataset was gathered through an Internet survey in 2005. Besides the time periods, and the survey methods, there are also significant sample size differences between the two datasets. In the 1997 sample, 400 Delaware residents made at least one day trip, while in the 2005 dataset, only 50 Delawareans visited the beaches of interest.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 25
Date: 2009
New Economics Papers: this item is included in nep-env and nep-tur
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea09:49296

DOI: 10.22004/ag.econ.49296

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