Endogenous On-Site Time in the Recreation Demand Model
回顾了内生现场时间的理论,并将其应用于随机效用模型,通过阿拉斯加中南部的垂钓案例展示了不同现场时间设定对休闲效益估计的影响。
Careful modeling of on-site time may substantially improve estimates of the benefits of recreational visits using the travel cost method, especially when on-site time is endogenous. This paper reviews the theory of endogenous on-site time, and shows how the theory may apply to the Random Utility Model (RUM). An empirical example of sport fishing in Southcentral Alaska under varying specifications of on-site time is presented.