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Demand and welfare effects in recreational travel models: Accounting for substitution between number of trips and days to stay
Umeå University, Faculty of Social Sciences, Umeå School of Business and Economics (USBE).
Nationalekonomi, Lunds Universitet.
2012 (English)In: Transportation Research Part A: Policy and Practice, ISSN 0965-8564, E-ISSN 1879-2375, Vol. 46, no 3, 446-456 p.Article in journal (Refereed) Published
Abstract [en]

In this paper we present a non-linear demand system for households’ joint choice of number of trips and days to spend at a destination. The approach, which facilitates welfare analysis of exogenous policy and price changes, is used empirically to study the effects of an increased CO2 tax. In particular, we focus on the effect of including substitution between households choice of the number of trips and days to spend at a destination in the welfare analysis. The analysis reveals that the equivalent variation (EV) measure, for the count data demand system, can be seen as an upper bound for the households welfare loss. Approximating the welfare loss by the change in consumer surplus, accounting for the positive effect from longer stays, imposes a lower bound on the households welfare loss. The difference in the estimated loss measures, from the considered CO2 tax reform, is about 20%. This emphasizes the importance of accounting for substitutions toward longer stays in travel demand policy evaluations.

Place, publisher, year, edition, pages
Elsevier, 2012. Vol. 46, no 3, 446-456 p.
Keyword [en]
Demand analysis, Welfare effects, Count data, Bivariate zero inflation
National Category
Economics
Research subject
Econometrics; Economics
Identifiers
URN: urn:nbn:se:umu:diva-53798DOI: 10.1016/j.tra.2011.11.001OAI: oai:DiVA.org:umu-53798DiVA: diva2:513959
Available from: 2012-04-04 Created: 2012-04-04 Last updated: 2017-12-07Bibliographically approved

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Hellström, Jörgen
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Umeå School of Business and Economics (USBE)
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CiteExportLink to record
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Citation style
  • apa
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  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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