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| Author: | Hynes, S. Hanley, N. O'Donoghue, C. |
| Title: | Alternative treatments of the cost of time in recreational demand models: an application to whitewater kayaking in Ireland |
| Journal: | Journal of Environmental Management
2009 : FEB, VOL. 90:2, p. 1014-1021 |
| Index terms: | travel costs random sample demand analysis opportunity costs time pay equations recreation Irish Republic |
| Freeterms: | whitewater kayaking random utility model site choice models specification alternative treatments |
| Language: | eng |
| Abstract: | This article explores the use of a number of alternative methods of incorporating time costs in the travel cost modeling process. The author argues the travel cost values where the opportunity cost of time is excluded, where it is includes as a percentage of the individual's reported wage rate and where it based on an estimated wage from a secondary data source (the European Community Household Panel) are compared and then used in a conditional logit model to estimate the demand for whitewater kayaking in Ireland. It is evaluates the effect of different treatments of the cost of travel time on the welfare impacts of a number of different management scenarios for kayaking rivers in Ireland, and found that statistically significant differences emerge. |
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