The travel cost method of deriving demand and value of recreation
does not include fixed costs of recreational durable goods purchases
or allow for supply restrictions on the number of suitable
sites available. The omission of these two real-world situations
results in derivation of demand curves which are more inelastic...
Published May 1985. Facts and recommendations in this publication may no longer be valid. Please look for up-to-date information in the OSU Extension Catalog: http://extension.oregonstate.edu/catalog