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Measuring the opportunity cost of time in recreation demand modelling: an application to a random utility model of whitewater kayaking in Ireland
(National University of Ireland, Galway, 2004)
The treatment of the opportunity cost of travel time and the measurement of travel costs in recreational demand modelling has been a contentious issue for many decades. This paper demonstrates how a potential wage rate ...
Accounting for Skill Levels in Recreational Demand Modelling using a Clustered RUM approach
(National University of Ireland, Galway, 2005)
We adapt the standard random utility model to take account of the heterogeneity of recreational preferences by using what we call a 'clustered conditional logit framework'. By separating out our sample of whitewater ...