Estimation of the Value of Seoul Forest by using Travel Cost Model

2021 ◽  
Vol 23 (6) ◽  
pp. 2907-2918
Author(s):  
Yun Ju Ham ◽  
Joo Suk Lee
Keyword(s):  
Cost Model ◽  
Travel Cost ◽  
Travel Cost Model

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 ¿Es relevante la biodiversidad en la decisión de visita a los parques nacionales en el Perú?

2020 ◽  
Vol 20 (2) ◽  
pp. 7
Author(s):  
Waldemar Mercado ◽  
Felipe Vásquez Lavín ◽  
Karina Ubillus ◽  
Carlos Enrique Orihuela
Keyword(s):  
Cost Model ◽  
Conservation Policy ◽  
Travel Cost ◽  
Travel Cost Model ◽  
Natural Parks ◽  
The Cost

<div data-canvas-width="450.13143999999994">The aim was to determine the importance of the biodiversity on the decision to visit six Natural Parks of Peru. For this, a sample of tourists and the discrete travel cost model are used to estimate the demand of multiple places with different attributes. The results confirm that the probability of choice depends on the access routes, the biodiversity, the distance, and the cost of the trip. The effect of the biodiversity is less important than that of access routes. A conservation policy that considers these attributes will be key for the management of the biodiversity.</div>

Closely Related Good Prices in the Travel Cost Model

1996 ◽  
Vol 78 (3) ◽  
pp. 640-646 ◽  
Author(s):  
John R. McKean ◽  
Richard G. Walsh ◽  
Donn M. Johnson
Keyword(s):  
Cost Model ◽  
Travel Cost ◽  
Travel Cost Model

The Hedonic Travel Cost Model: A View from the Trenches

1987 ◽  
Vol 63 (2) ◽  
pp. 179 ◽  
Author(s):  
V. Kerry Smith ◽  
Yoshiaki Kaoru
Keyword(s):  
Cost Model ◽  
Travel Cost ◽  
Travel Cost Model
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