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TESTING SIGNIFICANCE OF MULTI-DESTINATION AND MULTI-PURPOSE TRIP EFFECTS IN A TRAVEL COST METHOD DEMAND MODEL FOR WHALE WATCHING TRIPS AgEcon
Loomis, John B.; Yorizane, Shizuka; Larson, Douglas M..
Inclusion of multi-destination and multi-purpose visitors has an appreciable influence on a standard count data travel cost model derived estimate of willingness to pay but the differences are not statistically significant. We adapt a more general travel cost model (TCM) of Parsons and Wilson (1997) that allows for inclusion of multi-destination visitors as incidental demand to allow estimation of an unbiased measure of single and multi-destination willingness to pat for whale viewing using a single pooled equation. The primary purpose trip values from the standard TCM and simple generalized TCM model are identical at $43 per person per day and neither are significantly different from the $50 day value from a generalized model that distinguishes between...
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2000 URL: http://purl.umn.edu/31308
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