dc.contributor.author | Buason, Arnar Mar | |
dc.contributor.author | Eiriksdottir, Kristin | |
dc.contributor.author | Kristofersson, Dadi | |
dc.contributor.author | Rickertsen, Kyrre | |
dc.date.accessioned | 2021-06-18T12:35:00Z | |
dc.date.available | 2021-06-18T12:35:00Z | |
dc.date.created | 2020-10-19T09:00:46Z | |
dc.date.issued | 2020 | |
dc.identifier.issn | 2160-6544 | |
dc.identifier.uri | https://hdl.handle.net/11250/2760185 | |
dc.description.abstract | In the standard single-site travel cost model, it is assumed that time spent on-site is exogenous. This assumption results in a willingness to pay (WTP) for time on-site of zero, which may be less realistic for many urban parks that are frequently visited by local residents. We develop a single-site travel cost model where a visitor simultaneously chooses the number of visits and how much time to spend on-site. In this model, the WTP estimate includes the price of the trip and the price of time spent on-site. Next, we develop a two-part hurdle model with non-zero correlation between the number of trips and time spent on-site. We use data gathered in an urban park in Iceland to estimate the model. The estimated WTP values are more than twice as high as the estimates of the standard single-site model. | en_US |
dc.language.iso | eng | en_US |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.title | Frequency and time in recreational demand | en_US |
dc.type | Peer reviewed | en_US |
dc.type | Journal article | en_US |
dc.description.version | acceptedVersion | en_US |
dc.source.journal | Journal of Environmental Economics and Policy | en_US |
dc.identifier.doi | 10.1080/21606544.2020.1738963 | |
dc.identifier.cristin | 1840408 | |
cristin.ispublished | true | |
cristin.fulltext | postprint | |
cristin.qualitycode | 1 | |