Spatial Boundaries and Choice Set Definition in a Random Utility Model of Recreation Demand

We are concerned with the definition of choice set used in Random Utility Models of recreation demand. In particular, we are concerned with the spatial boundaries used to define choice sets. In this paper, using a model of day-trip fishing in Maine, we examine the sensitivity of parameter and welfar...

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Bibliographic Details
Published in:Land economics 1998-02, Vol.74 (1), p.32-48
Main Authors: Parsons, George R., Hauber, A. Brett
Format: Article
Language:English
Subjects:
Analysis
Borders
Decision
Demand
Economic models
Estimates
Fishing
Fishing industry
Frequency distribution
Freshwater bass
Lakes
Maine
Mathematical models
Preferences
Recreation
Recreation demand
Recreation research
Salmon
Spatial dimension
Spatial systems
Sport fishing
Statistical analysis
Studies
Travel expenses
Travel time
Trout
U.S.A
Utility models
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Summary:We are concerned with the definition of choice set used in Random Utility Models of recreation demand. In particular, we are concerned with the spatial boundaries used to define choice sets. In this paper, using a model of day-trip fishing in Maine, we examine the sensitivity of parameter and welfare estimates to changes in the spatial boundary. We find that there exists some threshold distance beyond which adding more sites to the choice set has negligible effects on the estimation results.
ISSN:0023-7639
1543-8325
DOI:10.2307/3147211