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Using a Control Function to Resolve the Travel Cost Endogeneity Problem in Recreation Demand Models

Melstrom, Richard T.; Lupi, Frank - Agricultural and Applied Economics Association - AAEA - 2013

This paper proposes using a control function to correct for endogeneity in recreation demand models. The control function approach is contrasted with the method of alternative specific constants (ASCs), which has been promoted in prior research. As an application, we consider the case of travel...

Persistent link: https://www.econbiz.de/10010916106

Heterogeneity among agent types and second-best management for non-market ecological services

Fenichel, Eli P. - Agricultural and Applied Economics Association - AAEA - 2009

Second-best management affects different agent types differently, and heterogeneity among agents may create instances … assumptions that may not capture this heterogeneity. Interactions between agent heterogeneity and second-best management have … received little attention. Such heterogeneity is particularly important when management actions do not directly affect …

Persistent link: https://www.econbiz.de/10005060394

Temporal Stability of Recreation Choices

Parsons, George R.; Stefanova, Stela - Agricultural and Applied Economics Association - AAEA - 2009

We evaluate the stability of coefficient and willingness to pay (WTP) estimates for recreation services over two time periods. To address this question, we estimate a Random Utility Maximization (RUM) model of recreation demand, using two datasets from different time periods, but concerning the...

Persistent link: https://www.econbiz.de/10005000531

Kuhn-Tucker Estimation of Recreation Demand – A Study of Temporal Stability

Bhattacharjee, Subhra; Kling, Catherine L.; Herriges, … - Agricultural and Applied Economics Association - AAEA - 2009

The paper examines the Kuhn Tucker model in the context of estimating recreation demand when the choice set it very large. It examines the temporal stability of parameter estimates using multiple years of data on trips to 127 lakes in Iowa made by households in Iowa. The study finds that for the...

Persistent link: https://www.econbiz.de/10005012552

Substitution, Damages, and Compensation for Anglers due to Oil Spills:The case of the Deepwater Horizon

Alvarez, Sergio; Larkin, Sherry L.; Whitehead, John C.; … - Agricultural and Applied Economics Association - AAEA - 2012

Oil spills and other anthropogenic environmental disasters have economic consequences that transcend losses of business revenue and property damages. Such non-market losses include those accrued by recreational users, as well as by individuals who hold passive use value for the affected...

Persistent link: https://www.econbiz.de/10010881156

ECONOMIC ANALYSIS OF ENVIRONMENTAL REGULATIONS: APPLICATION OF THE RANDOM UTILITY MODEL TO RECREATIONAL BENEFIT ASSESSMENT FOR THE MP&M EFFLUENT GUIDELINE

Tudor, Lynne G.; Besedin, Elena Y.; Fisher, Michael; … - Agricultural and Applied Economics Association - AAEA - 1999

The present study focuses on a state-wide case study to evaluate recreational benefits from forthcoming effluent limitation guidelines for the Metal Products and Machinery Industry. The study combines water quality modeling and a random utility model to assess how changes in water quality from...

Persistent link: https://www.econbiz.de/10005338168

Welfare Effects of Biofuel Policies in the Presence of Fuel and Labor Taxes

Cooper, Kristen; de Gorter, Harry; Drabik, Dusan - Agricultural and Applied Economics Association - AAEA - 2012

This revised version replaces a previous one titled: "Optimal Ethanol Policies for the U.S. in a General Equilibrium Framework"

Persistent link: https://www.econbiz.de/10010916433

Induced-Innovation and Invasive Species Management

Kim, C.S.; Schaible, Glenn D.; Lewandrowski, Jan - Agricultural and Applied Economics Association - AAEA - 2010

Public policy for managing invasive species has largely focused on preventive measures prior to detection (stage 1) and on the use of chemical/mechanical or biological control measures after the establishment and dispersion of the invasive species (stage 2). Optimal management policy depends...

Persistent link: https://www.econbiz.de/10009020529

Cooperation, Spatial-Dynamic Externalities, and Invasive Species Management

Epanchin-Niell, Rebecca S.; Wilen, James E. - Agricultural and Applied Economics Association - AAEA - 2010

Most terrestrial biological invasions occur in landscapes comprising numerous, independently managed properties. Thus, control of invasion spread generally depends on the choices of many managers, each deciding the extent to control invasions on their property. Here we develop a...

Persistent link: https://www.econbiz.de/10009020543

Optimal Control of Brucellosis in Bison in the Yellowstone National Park Area

Xie, Fang; Horan, Richard D. - Agricultural and Applied Economics Association - AAEA - 2010

Brucellosis is a highly infectious bacterial disease that causes infected females to abort their calves. It has caused devastating losses to U.S. farmers over the last century. The only known focus of Brucellosis left in the nation is wildlife such as bison and elk in the Greater Yellowstone...

Persistent link: https://www.econbiz.de/10009020601