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Valuing a beach day with a repeated nested Logit model of participation, site choice, and stochastic time value



Valuing a beach day with a repeated nested Logit model of participation, site choice, and stochastic time value



Ine Resource Economics: 3, 233-252



Beach recreation values are often needed by policy-makers and resource managers to efficiently manage coastal resources, especially in popular coastal areas like Southern California. This article presents welfare values derived from random utility maximization-based recreation demand models that explain an individual's decisions about whether or not to visit a beach and which beach to visit.

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Accession: 034179719

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