Was the trip worth it? Consistency between decision and experienced utility assessments of recreational nature visits
- Author(s)
- Tobias Börger, Anna Maccagnan, Mathew P. White, Lewis R. Elliott, Tim Taylor
- Abstract
This paper assesses the relationship between decision utility and experienced utility of recreational nature visits. The former is measured as the travel cost to reach that site as routinely used by the travel cost method (TCM), and the latter is operationalized through visit-related subjective well-being (SWB). As such, the analysis is a test of convergent validity by examining whether ex ante TCM-based assessment of recreational value reflecting decision utility corresponds to stated ex post SWB, reflecting experienced utility. It explores to what extent utility revealed by counts of nature visits are associated with self-reported, visit-related SWB relating to that same visited site. The analysis uses two existing datasets providing information on (i) 3672 recreational visits to green/blue spaces in England over the course of four years and (ii) 5937 recreational visits to bluespace sites across 14 European countries over one year. Results show a positive association between travel cost and visit-related SWB while controlling for trip frequency and a large set of covariates, suggesting convergent validity of the two utility concepts. A breakdown by travel mode suggests this relationship only holds for trips involving motorized transport and is not present for habitual, chore-like walking visits to the recreational site.
- Organisation(s)
- Vienna Cognitive Science Hub
- External organisation(s)
- Hochschule für Wirtschaft und Recht Berlin, University of Exeter, University of Stirling
- Journal
- American Journal of Agricultural Economics
- Volume
- 105
- Pages
- 525-545
- No. of pages
- 21
- ISSN
- 1467-8276
- DOI
- https://doi.org/10.1111/ajae.12328
- Publication date
- 06-2022
- Peer reviewed
- Yes
- Austrian Fields of Science 2012
- 502042 Environmental economics
- Keywords
- ASJC Scopus subject areas
- Economics and Econometrics, Agricultural and Biological Sciences (miscellaneous)
- Portal url
- https://ucris.univie.ac.at/portal/en/publications/was-the-trip-worth-it-consistency-between-decision-and-experienced-utility-assessments-of-recreational-nature-visits(cad1a7c3-5725-4488-9fcb-cf9bd47f68d6).html