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Persistent link: https://www.econbiz.de/10010909797
Employing a unique and rich data set of water quality attributes in conjunction with detailed household characteristics and trip information, we develop a mixed logit model of recreational lake usage and undertake thorough model specification and fitting procedures to identify the best set of...
Persistent link: https://www.econbiz.de/10005290987
This paper incorporates a rich set of physical water quality attributes, as well as site and household characteristics, into a model of recreational lake usage in Iowa. Our analysis shows individuals are responsive to physical water quality measures and WTP estimates are reported based on...
Persistent link: https://www.econbiz.de/10005338271
Employing a unique and rich data set of water quality attributes in conjunction with detailed household characteristics and trip information, we develop a mixed logit model of recreational lake usage and undertake thorough model specification and fitting procedures to identify the best set of...
Persistent link: https://www.econbiz.de/10009394073
Abstract Currently Unavailable.
Persistent link: https://www.econbiz.de/10005088073
Persistent link: https://www.econbiz.de/10008146823
Persistent link: https://www.econbiz.de/10008890964
Matching grants are commonly used to influence the bundle of public goods provided by governments. A contingent valuation experiment was designed to determine the value that individuals place on improved recreational facilities under a matching grant proposal. The experiment provided an...
Persistent link: https://www.econbiz.de/10010687229
Recreation demand models are typically plagued by limited information on site attributes. If these unobserved site attributes are correlated with the observed characteristics and/or the travel cost variable, the resulting parameter estimates are likely to be biased. We develop a Bayesian...
Persistent link: https://www.econbiz.de/10010581344
We describe and employ a Bayesian posterior simulator for fitting a high-dimensional system of ordinal or count outcome equations. The model is then applied to describe the multiple site recreation demands of individual agents, and we argue that our approach provides advantages relative to...
Persistent link: https://www.econbiz.de/10005228844