A simultaneous valuation model on positive and negative tourism benefits under suppressed consumption

• Tadahiro Okuyama ^[1]
  1. [1] Shimonoseki City University

     Shimonoseki City University

     Japón

     
• Localización: Tourism economics: the business and finance of tourism and recreation, ISSN 1354-8166, Vol. 29, Nº. 5, 2023, págs. 1391-1404
• Idioma: inglés
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• Resumen

  • This study aims to develop a benefit valuation model with household production under consumption suppressed by self-restraint, as observed during the coronavirus disease 2019 pandemic. This study proposes a model to measure the benefits of the value of time (VOT), value of environmental quality (VOQ), and value of self-restrained consumption (VOS). Numerical simulations show that 1) the benefits can be measured in a single modeling system, 2) the absolute VOS might be larger than the other benefits, 3) the VOS decreases exponentially with an increase in self-restrained consumption, and 4) the VOT may be sensitive to the degrees of the parameter values.