Estimation of Recreation Value and Determining the Factors Effective in Visitors' WTP for Saint Stepanus Church Using the Heckman Two -stage and CV Methods
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58 citations
Cites background from "Estimation of Recreation Value and ..."
...Several key determinants were developed in the previous literature to study tourist behavior, including socioeconomic indicators such as education, age, income, marital status, family size, and visitor satisfaction (Khodaverdizadeh & Kelas, 2009; Lee, Lee, & Mjelde, 2009)....
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Additional excerpts
...Then, with the use of numerical integral in limit of zero to the highest offer (A) the expected values of WTP is accounted (Lee and Mojalled, 2007): dAAdAUFE MaxAMaxA 0 *0 exp1 1WTP (13) Where E (WTP) is expected value of WTP and * is adjusted intercept modified by adding socio- economic counterpart to the primarily intercept (Martinez and ML 2011, Peron, Ismaili, 2010, KhodaverdiZadeh et al 2009, Keane et al. 2007)....
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...…2007): dAAdAUFE MaxAMaxA 0 *0 exp1 1WTP (13) Where E (WTP) is expected value of WTP and * is adjusted intercept modified by adding socio- economic counterpart to the primarily intercept (Martinez and ML 2011, Peron, Ismaili, 2010, KhodaverdiZadeh et al 2009, Keane et al. 2007)....
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3 citations
References
67 citations
"Estimation of Recreation Value and ..." refers background in this paper
...[11] calculated protective value of habitat of Garon River Bank in France to be as 67, 66, 13 and FF133, respectively....
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65 citations
"Estimation of Recreation Value and ..." refers methods in this paper
...Elasticity of the k (Xk) descriptive variable in logit model can be calculated using the relation 6 [24]:...
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63 citations
"Estimation of Recreation Value and ..." refers methods in this paper
...However, taking the advantages of CVM, Double-bounded Dichotomous Choice (DDC) was used to measure the amount of WTP of visitors, the method offered by Hanman and Carson [34], by correction and justification of double-bounded dichotomous choice (DDC)....
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59 citations
"Estimation of Recreation Value and ..." refers methods in this paper
...The sample size was obtained through Cochran formula and pre test [33]....
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45 citations
"Estimation of Recreation Value and ..." refers methods in this paper
...λi is inverse of Mill’s Ratio and calculated using the relation 9 [30]: i i...
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