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A Lancasterian Approach for Specifying Derived Demands for Recreational Activities*

Published online by Cambridge University Press:  28 April 2015

Sandra S. Batie ,
Robert B. Jensen  and
Linda G. Hogue
Sandra S. Batie
Affiliation:
Virginia Polytechnic Institute andState University, Blacksburg, Virginia
Robert B. Jensen
Affiliation:
Virginia Polytechnic Institute andState University, Blacksburg, Virginia
Linda G. Hogue
Affiliation:
Virginia Polytechnic Institute andState University, Blacksburg, Virginia
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Extract

Accurate estimations of recreational demand schedules are important for projecting attendance at new facilities. Projecting future demand levels and calculating social benefits of additional facilities can be biased, however, if an analyst does not consider the influence of recreational opportunities. The Lancasterian theory of household behavior provides a framework for exploring implications of the influence of such recreational opportunities on demand estimations, projections, and consumer surplus measures. A case study of boating demand is presented to empirically investigate this framework.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 8 , Issue 1 , July 1976 , pp. 101 - 107
Copyright
Copyright © Southern Agricultural Economics Association 1976

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Footnotes

*

The authors wish to express appreciation to Leonard A. Shabman for his helpful comments concerning this article.

References

[1] Cicchetti, C., Seneca, J. S. and Davidson, P.. The Demand and Supply of Outdoor Recreation: An Econometric Analysis, Bureau of Economic Research, Rutgers, New Brunswick, N.J., 1969.Google Scholar
[2] Clawson, M. and Knetsch, J. L.. Economics of Outdoor Recreation, Baltimore: John Hopkins Press, 1966.Google Scholar
[3] Lancaster, Kelvin J. “A New Approach to Consumer Theory,” The Journal of Political Economy, Volume 74, Number 3, pp. 133–157.Google Scholar
[4] Mackay, Robert J. and Hogarty, T. F.. “Some Implications of the ‘New Theory of Consumer Behavior’ for Interpreting Estimated Demand Elasticities,” American Journal of Agricultural Economics, Volume 57, Number 2, pp. 340–343, 1975.Google Scholar
[5] Mishan, E. J. Cost Benefit Analysis: An Introduction, Praeger Publishers, Inc., 1971.Google Scholar