Leisure and travel choice

Resumo

It is commonly recognized the relevance of transportation costs for studying recreational demand. However, these costs are related with travel and modal choice decisions. This paper offers a theoretical explanation of the new generation of the demand for recreational goods at destiny after the introduction of a new transportation mode that is not the cheapest nor the fastest among the available modes. The main feature of the model deals with the transportation mode-dependent preferences. This set-up allow us to understand some unexplained individual behaviour found in the travel cost method.