VERBI VEnice Research BIbliography
VERBI VEnice Research BIbliography |
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Rosato, P., & Defrancesco, E. (2002). Individual travel cost method and flow fixed costs. Scientific Research and Safeguarding of Venice, Corila Research Program 2001 Results, I, 9–25.
Added by: Dott. Alessandro Meggiato (28/05/2014 16:19:38) |
| Tipo di Risorsa: Articolo di Rivista Chiave di citazione BibTeX: Rosato2002 Invia la risorsa per email ad un amico View all bibliographic details  |
Categorie: General Keywords: economia e aspetti sociali - Economics, extend abstract corila Creatori: Defrancesco, Rosato Collezione: Scientific Research and Safeguarding of Venice, Corila Research Program 2001 Results |
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Travel cost method (TCM) has been developed by Clawson, initially suggested by Hotelling, in order to estimate social benefits from recreation in natural sites. The method is based on the assumption that the recreational benefits in a specific site can be derived from the demand function, estimated observing users’ behaviour, in relation to the costs sustained by them per number of visits. In other words, the classical model derived from economic theory of consumer behaviour postulates that a consumers' choice is based not only on price but on all sacrifices made to obtain the stream of benefits generated by a good or service. Obviously, if the paid price (p) is the only sacrifice made by consumer, the demand function for a good, with no substitutes, is x = f(p), given his income and preferences. Added by: Dott. Alessandro Meggiato |