HOME HELP FEEDBACK SUBSCRIPTIONS ARCHIVE SEARCH TABLE OF CONTENTS		QUICK SEARCH:   [advanced] Author: Keyword(s): Year:  Vol:  Page:

This Article Full Text (PDF) Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Download to citation manager Citing Articles Citing Articles via Google Scholar Google Scholar Articles by Woodward, R. T. Articles by Ozuna, T. Search for Related Content

The Welfare Impacts of Unanticipated Trip Limitations in Travel Cost Models

Travel cost models are routinely used to assess the impact of policy changes on consumer’s surplus. In this paper we show that when the policy change leads to a partial closure of the resource, then the standard use of consumer’ s surplus per trip can be inappropriate depending upon the theoretical behavioral model underlying the analysis. We demonstrate the importance of theoretical model choice using an analysis of the Gulf of Mexico’s recreational red snapper fishery. (JEL Q26)