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Boat Location Choice: The Role of Boating Quality and Excise Taxes

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Abstract:

A multinomial logit discrete choice model is estimated using data collected from a survey of documented boat owners to examine the factors that determine the boater's choice of state of principal use. Travel time and perceived boating quality significantly influence boater choice, but excise taxes that must be paid depending on the state in which the boat is located only negatively influence location choice at extremely high tax levels and only for high income boaters. It is unlikely that a state such as Maryland, which has a relatively high excise tax rate on boaters, could entice more boaters to keep their boats there, simply by lowering the tax rate from 5% to 4%. A more effective means of attracting boaters would be to maintain or improve coastal quality and make potential boaters aware of the improvement.

Keywords: BOATING QUALITY EXCISE TAX MULTINOMIAL LOGIT MODEL RECREATIONAL BOATING

Document Type: Research Article

DOI: https://doi.org/10.1080/089207599263910

Publication date: 1999-01-01

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