Journal Article

Modeling Recreation Demand in a Poisson System of Equations: An Analysis of the Impact of International Exchange Rates

Jeffrey Englin, Peter Boxall and David Watson

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 80, issue 2, pages 255-263
Published in print May 1998 | ISSN: 0002-9092
Published online May 1998 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244498
Modeling Recreation Demand in a Poisson System of Equations: An Analysis of the Impact of International Exchange Rates

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  • Renewable Resources and Conservation
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We extend count data travel cost modeling by developing a utility theoretic system of semilogarithmic recreation demand equations. The restrictions required to make the system utility theoretic are applied during estimation. The model is applied to individual wilderness recreation trips in a system of four Canadian wilderness parks. The resulting demand system is used to examine the impacts of changing U.S.-Canadian currency exchange rates on participation and welfare of U.S. recreationists.

Keywords: demand systems; economic development; Poisson; travel cost; F310; Q260

Journal Article.  0 words. 

Subjects: Renewable Resources and Conservation ; International Finance

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