Experiential Commodity Definition in Recreation Travel Cost Models
Abstract:Recent theoretical work implies that there is no theoretical difference between travel, resource (site), and experience consumer surpluses for a given individual and recreation site. At issue is whether all recreators at a given site produce and consume identical experiences, and if they do not, whether demand specification to account for differences could improve estimates of demand and consumer surplus. In a test case, three social-psychologically defined experience types with different demand equations and consumer surpluses were found. Based on this test case, specification of different experiences may not be important for estimating the total benefits foregone by site elimination, but may be important for decisions which would alter a site's experience mix or for estimating benefits of a new site with a different experience mix than existing sites. Forest Sci. 31:519-529.
Document Type: Journal Article
Affiliations: Principal Economist, Rocky Mountain Forest and Range Experiment Station, 240 W. Prospect, Fort Collins, CO 80526
Publication date: June 1, 1985
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