The welfare impacts of unanticipated trip limitations in travel cost models

R. T. Woodward; D. Gillig; W. L. Griffin; T. Jr Ozuna

doi:10.2307/3147127

The welfare impacts of unanticipated trip limitations in travel cost models

R. T. Woodward, D. Gillig, W. L. Griffin, T. Jr Ozuna

Research output: Contribution to journal › Article › peer-review

Abstract

Travel cost models are routinely used to assess the impact of policy changes on consumer's surplus. In this paper we show that when the policy change leads to a partial closure of the resource, then the standard use of consumer's surplus per trip can be inappropriate depending upon the theoretical behavioral model underlying the analysis. We demonstrate the importance of theoretical model choice using an analysis of the Gulf of Mexico's recreational red snapper fishery. (JEL Q26).

Original language	English
Pages (from-to)	327-338
Number of pages	12
Journal	Land Economics
Volume	77
Issue number	3
DOIs	https://doi.org/10.2307/3147127
Publication status	Published - 2001
Externally published	Yes

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title = "The welfare impacts of unanticipated trip limitations in travel cost models",

abstract = "Travel cost models are routinely used to assess the impact of policy changes on consumer's surplus. In this paper we show that when the policy change leads to a partial closure of the resource, then the standard use of consumer's surplus per trip can be inappropriate depending upon the theoretical behavioral model underlying the analysis. We demonstrate the importance of theoretical model choice using an analysis of the Gulf of Mexico's recreational red snapper fishery. (JEL Q26).",

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AB - Travel cost models are routinely used to assess the impact of policy changes on consumer's surplus. In this paper we show that when the policy change leads to a partial closure of the resource, then the standard use of consumer's surplus per trip can be inappropriate depending upon the theoretical behavioral model underlying the analysis. We demonstrate the importance of theoretical model choice using an analysis of the Gulf of Mexico's recreational red snapper fishery. (JEL Q26).

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U2 - 10.2307/3147127

DO - 10.2307/3147127

M3 - Article

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VL - 77

SP - 327

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JO - Land Economics

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The welfare impacts of unanticipated trip limitations in travel cost models

Abstract

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