ESTIMATING DYNAMIC RECREATIONAL DEMAND BY THE HEDONIC TRAVEL COST METHOD

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This research explores how recreational values change over time. Hedonic functions linking travel costs to site amenities are estimated using data on nearly 70,000 visitors to Ohio State Parks from 1997 to 2002. The results suggest substantial changes in recreational values over time. Effects are estimated to show the importance of capturing changes in the hedonic prices.

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http://hdl.handle.net/123456789/533695

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https://ageconsearch.umn.edu/record/20165/files/sp04ye03.pdf

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University of Minnesota