Definition of the recreation shadow price and its implications on recreation welfare estimation

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11240%2F15%3A10296472" target="_blank" >RIV/00216208:11240/15:10296472 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Definition of the recreation shadow price and its implications on recreation welfare estimation
Original language description
The article presents the results of recreation demand analysis for the Šumava National Park, and focuses on a sensitivity analysis to the specification of the shadow price of recreation (travel cost). In the sensitivity analysis, I examine whether it matters to use calculated rather than theoretically correct perceived travel costs, and also discuss whether the travel costs stated by respondents are reliable. Based on the results, the perceived costs directly stated by respondents may be considered unbiased and may be validly employed in the analysis of recreation demand and other travel-based models. The relative absolute error of respondents stating the travel cost is stable for close and far trips, and does not alter with trip frequency or socio-economic characteristics of the respondents. To examine the effect of the specification on the recreation demand results, several recreation demand models are estimated, using truncated stratified negative binomial model. Regardless of the t
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
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Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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