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Several offshore wind power projects are under consideration in the United States. A concern with any such project is the visual disamenity it may create. Using a stated preference choice model, we estimated the external costs to residents of the state of Delaware for offshore wind turbines...
Persistent link: https://www.econbiz.de/10008862786
We are concerned with the definition of choice set used in Random Utility Models of recreation demand. In particular, we are concerned with the spatial boundaries used to define choice sets. In this paper, using a model of day-trip fishing in Maine, we examine the sensitivity of parameter and...
Persistent link: https://www.econbiz.de/10008518857
Persistent link: https://www.econbiz.de/10008537366
Random Utility Models are commonly used to model the choice among a set of alternatives. Often, due to data or computational constraints, the analyst must use aggregated alternatives to estimate the model. These aggregates are defined by averaging characteristics of alternatives over...
Persistent link: https://www.econbiz.de/10008537420
Persistent link: https://www.econbiz.de/10008537525
Random Utility Models are widely applied in studies of recreation demand. The model is particularly useful when the number of recreation sites from which individuals may choose is large. Yet, when the number gets too large, say in the hundreds, estimation becomes burdensome. We present an...
Persistent link: https://www.econbiz.de/10008537565
We consider the implications of narrow choice sets on welfare estimation in a random utility model of recreation demand. We hypothesize that careful formulation of the choice set focusing on the sites of policy interest and their closest substitutes will give reasonably accurate welfare...
Persistent link: https://www.econbiz.de/10005078455