scholarly journals Testing Significance of Multi-Destination and Multi-Purpose Trip Effects in a Travel Cost Method Demand Model for Whale Watching Trips

2000 ◽  
Vol 29 (2) ◽  
pp. 183-191 ◽  
Author(s):  
John Loomis ◽  
Shizuka Yorizane ◽  
Douglas Larson
Keyword(s):  
Willingness To Pay ◽  
Count Data ◽  
Cost Model ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Demand Model ◽  
Generalized Model ◽  
Travel Cost Model ◽  
Recreation Site

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 pay 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 joint and incidental trips. The general models avoid underestimation of total recreation site benefits that would result from omitting the consumer surplus of multi-destination visitors.

scholarly journals Effects of Ad-hoc Data Truncation and Homogeneous Preferences on Recreational Demand and Values: An Application to the George Washington and Jefferson National Forests

2021 ◽  
pp. 1-15
Author(s):  
Kavita Sardana ◽  
John C. Bergstrom ◽  
J. M. Bowker
Keyword(s):  
Latent Class ◽  
Ad Hoc ◽  
Cost Model ◽  
Consumer Surplus ◽  
Poisson Model ◽  
Travel Cost ◽  
National Forests ◽  
Heterogeneous Preferences ◽  
George Washington ◽  
Travel Cost Model

Abstract We estimate a travel cost model for the George Washington & Jefferson National Forests using an On-Site Latent Class Poisson Model. We show that the constraints of ad-hoc truncation and homogenous preferences significantly impact consumer surplus estimates derived from the on-site travel cost model. By relaxing the constraints, we show that more than one class of visitors with unique preferences exists in the population. The resulting demand functions, price responsive behaviors, and consumer surplus estimates reflect differences across these classes of visitors. With heterogeneous preferences, a group of ‘local residents’ exists with a probability of 8% and, on average take 113 visits.

scholarly journals Estimating Recreational Value of Foy's Lake: An Application of Travel Cost Count Data Model for Truncated Zeros

2017 ◽  
Author(s):  
Md. Touhidul Alam ◽  
Anis-Ul-Ekram Chowdury ◽  
Md. Sajib Hossian
Keyword(s):  
Regression Model ◽  
Count Data ◽  
Data Model ◽  
Poisson Regression ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Poisson Regression Model ◽  
Recreational Value ◽  
Recreational Benefits

To estimate the recreational value provided by the Foy’s Lake annually using the most applicable model for on-site data is the main objective of this study. Adhere to the objective of this study; Individual Travel Cost Method (ITCM) has been applied and Zero Truncated Poisson Regression Model has been found plausible among other models to estimate consumer surplus. Based on the findings of the study, an estimate of the consumer surplus or recreational benefits per trip per visitor can be recommended as BDT 5,875 or US $ 73.44 and counting the consumer surplus per trip per visitor, the annual recreational value (total consumer surplus) provided by the lake is found to be BDT 321 million or US $ 40.2 million.

Navigating the corn maze: Customizing travel cost models to value market segments in heterogeneous industries

2020 ◽  
pp. 135481662097696
Author(s):  
Anders Van Sandt ◽  
Dawn Thilmany McFadden
Keyword(s):  
Rural Communities ◽  
Cost Model ◽  
Consumer Surplus ◽  
The United States ◽  
Travel Cost ◽  
Cost Models ◽  
Travel Cost Model ◽  
Traveler Heterogeneity ◽  
To Come ◽  
The Impact

Agritourism is an example of a growing and important industry to rural communities in the United States seeking to leverage interest in their natural resource, agricultural, and other heritage assets. We use survey data and a flexible travel cost model to estimate the part-worth consumer surplus (CS) values of Western US agritourism trips for different regions, activities, and traveler types. Given the rural nature of agritourism may require interested travelers to come from long distances, we also pay particular attention to and compare travelers’ marginal and cumulative travel costs to evaluate the impact on CS estimates. Results indicate that trip and traveler heterogeneity, if unaccounted for, may lead to misinformed policy and management decisions.

Choice of the angler

2016 ◽  
Vol 22 (6) ◽  
pp. 1338-1351 ◽  
Author(s):  
Erik Wallentin
Keyword(s):  
Negative Binomial ◽  
Cost Model ◽  
Travel Cost ◽  
Quality Attributes ◽  
Negative Influence ◽  
Time Varying ◽  
Travel Cost Model ◽  
Time Specific ◽  
Salmon Fishery ◽  
Recreation Site

The author proposes a novel application for estimating demand for a single recreation site when data are limited. An aggregated zonal travel cost model is outlined and estimated in a panel setting using a negative binomial estimator with time-specific constants to capture unobserved time-varying quality attributes. The data are based on catch records for the Mörrum river salmon fishery, one of the most popular sport fishing destinations in Northern Europe. These are aggregated to the municipal level for the zonal estimation and give number of visits per municipality per week for the period 1999–2011. The results confirm the expected negative influence of travel cost on visits. Further, the inclusion of time-specific constants does not render all time-varying quality attributes insignificant.

A Hybrid Individual—Zonal Travel Cost Model for Estimating the Consumer Surplus of Golfing in Colorado

2008 ◽  
Vol 10 (2) ◽  
pp. 155-167 ◽  
Author(s):  
John Loomis ◽  
Omer Tadjion ◽  
Philip Watson ◽  
Josh Wilson ◽  
Stephen Davies ◽  
...  
Keyword(s):  
Cost Model ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Hybrid Individual ◽  
Travel Cost Model

Understanding angler profiles in cases of heterogeneous count data – A travel cost model

2020 ◽  
Vol 221 ◽  
pp. 105377 ◽  
Author(s):  
H. Pokki ◽  
J.B. Jacobsen ◽  
S.B. Olsen ◽  
A. Romakkaniemi
Keyword(s):  
Count Data ◽  
Cost Model ◽  
Travel Cost ◽  
Travel Cost Model

scholarly journals Willingness to Pay for Margalla Hills National Park: Evidence from the Travel Cost Method

2006 ◽  
Vol 11 (2) ◽  
pp. 43-70 ◽  
Author(s):  
Himayatullah Khan
Keyword(s):  
Willingness To Pay ◽  
Household Income ◽  
Economic Benefit ◽  
National Park ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Annual Budget ◽  
Recreational Benefits

This study, which is among the first in Pakistan to value recreational benefits, estimates the benefits of the Margalla Hills National Park near Islamabad. The study examines how much park visitors are willing to pay to visit the park. Annual benefits from the park are considerable—the total annual consumer surplus or economic benefit obtained from recreation in the park is approximately Rs. 23 million (US $ 0.4 million). Various factors influence the value visitors obtain from the park — these include travel cost, household income, and the quality of the park. Improvements in the quality of the park are estimated to increase recreational benefits by 39%. The study recommends that a park entrance fee of Rs. 20 per person be introduced, which could be utilized for park management. This would generate nearly Rs. 11 million in revenues annually, a sizable amount of money that represents about 4% of the annual budget allocated to the environment sector in Pakistan.

scholarly journals Valuing Ecotourism of a Recreational Site in Ciamis District of West Java, Indonesia

JEJAK ◽  
2017 ◽  
Vol 10 (1) ◽  
pp. 172-188
Author(s):  
Endah Saptutyningsih ◽  
Rini Selviana
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Welfare Benefit ◽  
West Java ◽  
Valuation Method ◽  
Natural Beauty

Ecotourism, as an alternative tourism, involves visiting natural areas in order to learn, to study or to carry out activities environmentally friendly, that is a tourism based on the nature experience which enables the economic and social development of local communities. Ecotourism encourages rural economics and provides benefits to income and employment generation. It is considered as an alternative for enhancing rural lifestyle and for leading positive changes in the distribution of income. One of the area which has ecotourism site in Indonesia is Karangkamulyan site, Ciamis District of West Java. There is a tourist attraction that not only offers natural beauty, history and cool atmosphere, it also serves as a place of education and research on the history in the field of archeology. This attraction should receive special attention from the local government so that the tourists and local people also get the benefits. Ecotourism can be classified as possessing public goods-type characteristics, and as such, welfare benefit estimates must utilize non-market valuation techniques. This study employs the travel cost method and contingent valuation method. Travel cost and contingent valuation methods are applied to the problem of estimating the potential consumer surplus available to tourists from ecotourism in Ciamis. The results are compared with contingent valuation analysis of willingness-to-pay of tourists in their current trip to ecotourism sites of Ciamis. The result of travel cost method indicates that tourists average travel cost is estimated at no more than one hundred thousand rupiahs. The contingent valuation method concludes that the tourists average willingness to pay in their trip to ecotourism sites of Ciamis is are about IDR 6,800 in average.

scholarly journals Individual single-site travel cost model for Czech paradise geopark

2013 ◽  
Vol 61 (7) ◽  
pp. 2851-2858 ◽  
Author(s):  
Jan Špaček ◽  
Michaela Antoušková
Keyword(s):  
Cost Model ◽  
Consumer Surplus ◽  
Travel Cost ◽  
Single Site ◽  
Family Status ◽  
The Czech Republic ◽  
Recreational Value ◽  
Travel Cost Model ◽  
The Individual ◽  
Area Data

Geotourism is a new phenomenon, which has emerged in the tourism literature during the past two decades, and whose meaning suffered from global census. Geotourism is still a new discipline and relatively little has been written about its demand side, demonstrated by a lack of studies in the literature This article studies the recreational value of geotourism areas, and focuses on the first geopark in the Czech Republic, namely the Czech Paradise Geopark. To assess the recreational value the travel cost method is applied, specifically the individual travel cost model. The necessary research data was gathered through intensive tourist surveys conducted in the study area. Data gathered in the respondents’ survey served to determine the consumer surplus as a measure of recreational value and to develop the single site travel cost model. The dependent variable in the conducted model is the number of visits in the area and among the independent variables, studied age, education, travel cost, family status, economic activity and income. The results were subsequently compared to findings in the available literature, research works and case studies.

Demand and Value of Firewood Permits as Determined by the Travel Cost Model

1987 ◽  
Vol 2 (2) ◽  
pp. 48-50
Author(s):  
Donald C. Markstrom ◽  
Donald H. Rosenthal
Keyword(s):  
Resource Allocation ◽  
Metropolitan Area ◽  
Pinus Contorta ◽  
Cost Model ◽  
Travel Cost ◽  
Travel Cost Method ◽  
Residual Value ◽  
Appraisal System ◽  
Goods And Services ◽  
Travel Cost Model

Abstract The travel cost method is used to determine the value of trips to collect weekend firewood near the Denver-Boulder metropolitan area. The analysis indicated an average willingness to pay of $21.42 per cord for small live lodgepole pine (Pinus contorta) stumpage. This value, including a $10.00 per cord permit fee, is directly comparable to values commonly assigned to other goods and services, such as sawlogs or recreation, for resource allocation. In particular, values obtained through the residual value timber appraisal system are analogous to this figure. West. J. Appl. For. 2(2):48-50, April 1987.

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