| Travel Cost Analysis |
Article Index for Travel |
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Information AboutTravel Cost Analysis |
| CATEGORIES ABOUT TRAVEL COST ANALYSIS | |
| environmental economics | |
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According to Ecosystemvaluation.org "The basic premise of the travel cost method is that the time and travel cost expenses that people incur to visit a site represent the “price” of access to the site. Thus, peoples’ willingness to pay to visit the site can be estimated based on the number of trips that they make at different travel costs. This is analogous to estimating peoples’ willingness to pay for a marketed good based on the quantity demanded at different prices." |
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