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Full-Text Articles in Social and Behavioral Sciences
Economic Impact Analysis Of The Tourism Industry, Robertico R. Croes
Economic Impact Analysis Of The Tourism Industry, Robertico R. Croes
Dick Pope Sr. Institute Publications
The tourism industry in Osceola County has undergone some significant changes over the past ten years. The inventory of the accommodation sector increased by more than 20%; the industry became more diversified and complex by a greater number of timeshare properties in the area, the emergence of vacation homes as a prominent market segment and the emergence of convention hotels. The continuing evolution of the tourism industry has kept it a significant player in the economic landscape of the county. The analysis considered the local tourism industry from the perspective of both direct impacts (i.e. employment, value-added and government revenues …
Alternative Methods Of Eliciting Individual Willingness To Pay For Travel Time Savings: A Pilot Study, Ashley Lascelles
Alternative Methods Of Eliciting Individual Willingness To Pay For Travel Time Savings: A Pilot Study, Ashley Lascelles
Electronic Theses and Dissertations
How does one estimate the value of an individual's time? One possible way is to estimate how much a person is willing to pay for time savings. The majority of transportation studies have used stated preference surveys to estimate an individual's willingness to pay (WTP) for travel time savings. However, stated preferences approaches are subject to hypothetical bias since they elicit WTP for hypothetical outcomes instead of real outcomes. One study used a revealed preference approach in a natural experiment to elicit WTP for travel time savings but the data was for a non-recurring event, which was not replicable. The …