Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/1656
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Alternative treatments of the cost of time in recreational demand models: an application to whitewater kayaking in Ireland
Authors: Hynes, Stephen
Hanley, Nicholas
O'Donoghue, Cathal
Contact Email: n.d.hanley@stir.ac.uk
Keywords: recreational demand
value of time
Issue Date: Feb-2009
Publisher: Elsevier
Citation: Hynes S, Hanley N & O'Donoghue C (2009) Alternative treatments of the cost of time in recreational demand models: an application to whitewater kayaking in Ireland, Journal of Environmental Management, 90 (2), pp. 1014-1021.
Abstract: The measurement of travel costs in recreational demand modeling has been a contentious issue for many decades. This article explores the use of a number of alternative methods of incorporating time costs in the travel cost modeling process. Travel cost values where the opportunity cost of time is excluded, where it is included 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. We then evaluate 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 find that statistically significant differences emerge.
Type: Journal Article
URI: http://hdl.handle.net/1893/1656
DOI Link: http://dx.doi.org/10.1016/j.jenvman.2008.03.010
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author; you can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Teagasc
Economics
Teagasc

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