作者：SMITH, VK; PALMQUIST, RB; JAKUS, P
作者单位：University of Tennessee System; University of Tennessee Knoxville
摘要：This paper extends the Brown-Mendelsohn hedonic travel cost (HTC) model by estimating the travel cost function for each recreationist as a technically efficient frontier. It also constrains the marginal prices for desirable characteristics to be non-negative. The model is used to value improvements in the quality of sport fishing in the Albemarle-Pamlico Estuary in North Carolina. The application compares the performance of the frontier HTC with ordinary least squares estimates and finds the f...
作者：DUTKOWSKY, DH; FOOTE, WG
作者单位：Syracuse University; Le Moyne College
