Concept deviation analysis of recreation cost estimated by travel cost method
Jiangshan Zhang
Abstract
Jiangshan Zhang
Abstract
The calculation method for the consumer surplus of some recreation resource was proposed by researching the relationship between tourism demand curve and consumer surplus curve.Furthermore,four common errors for determining the upper and lower limit in consumer surplus integral calculation were analyzed,the result showed that recreation cost was not just equal to consumer surplus.
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The calculation method for the consumer surplus of some recreation resource was proposed by researching the relationship between tourism demand curve and consumer surplus curve.Furthermore,four common errors for determining the upper and lower limit in consumer surplus integral calculation were analyzed,the result showed that recreation cost was not just equal to consumer surplus.
Key concepts: Economic surplus, Recreation, Tourism, Resource (disambiguation), Limit (mathematics), Economics, Demand curve, Microeconomics