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A Critical Review of the Travel Cost, Hedonic Travel Cost, and Household Production Models for Measurement of Quality Changes in Recreational Experiences

Published online by Cambridge University Press:  10 May 2017

Darrell Hueth  and
Elizabeth J. Strong
Darrell Hueth
Affiliation:
Department of Agricultural and Resource Economics, Oregon State University, Corvallis, Oregon
Elizabeth J. Strong
Affiliation:
Department of Agricultural and Resource Economics, Oregon State University, Corvallis, Oregon
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Extract

This paper compares three recreation valuation techniques—the travel cost (TC), the hedonic travel cost (HTC), and the household production (HP) techniques—on the basis of their theoretical underpinnings, econometric and data considerations, and policy considerations. The major focus is on how these techniques can be used to evaluate the benefits to recreationists of changes in the quality of recreation sites. Bockstael and McConnell's (1981) formulation of the HP model for sport fishing is used in the following discussion. Other variants, such as the model used by Smith et al. (1983), are only briefly mentioned.

Type
AAEA/NAREA Invited Session: Measuring the Economic Value of Outdoor Recreation and Other Environmental Amenities
Information
Northeastern Journal of Agricultural and Resource Economics , Volume 13 , Issue 2 , October 1984 , pp. 187 - 198
Copyright
Copyright © 1984 Northeastern Agricultural and Resource Economics Association 

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References

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