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| Yasuhisa Hayashiyama and Katsuhito Nohara |
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| ''Evaluation of recreation benefit by household production function approach
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| ( 2009, Vol. 29 No.2 ) |
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| The travel cost method (TCM) is a revealed preference approach to evaluating the recreation benefit. The traditional application of the TCM is to measure the consumer surplus of recreation sites and activities by calculating the consumer surplus of the site as the area below the demand function and above the implicit price. However, TCM has a setup problem of choke price. The purpose of this paper is to propose the evaluating theory of recreation benefit of environmental quality improvements by household production function approach with revealed preference data. Our approach suggested is operational and allows to decide whether the behavior observed and the household production functions are consistent. |
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| Keywords: household production function, revealed preference, recreation benefit |
JEL: Q5 - Environmental Economics: General
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| Manuscript Received : Feb 19 2009 | | Manuscript Accepted : Apr 28 2009 |
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