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Golf Consumer Surplus in Colorado Analysis by econotes751 is a document available to read on EtoBox.
What is Golf Consumer Surplus in Colorado Analysis about?
The document presents a study using a hybrid individual-zonal travel cost model to estimate the consumer surplus of golfing in Colorado, revealing that demand for golf is price inelastic with respect to transportation costs and green fees. The typical golfer spends approximately $8 on transportation and $49 on green fees, resulting in a consumer surplus of $18.44 per round, translating to an annual net economic value of $143.8 million for the 7.8 million rounds played in Colorado. The study also identifies
- Author
- econotes751
- Language
- EN