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We develop a combined, revealed and stated preference approach to identify discrete choice demand parameters in the presence of unobserved determinants of choice. Our approach overcomes difficulties associated with small choice sets, multicollinearity, and endogeneity that arise with revealed...
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A generalized version of a well-known statistical result is used to suggest an alternative strategy for estimating nested constant elasticity of substitution preferences for recreation demand. Parameter and welfare estimates from nested constant elasticity of substitution count data demand...
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A generalized version of a well-known statistical result is used to suggest an alternative strategy for estimating nested constant elasticity of substitution preferences for recreation demand. Parameter and welfare estimates from nested constant elasticity of substitution count data demand...
Persistent link: https://www.econbiz.de/10009392641
With increasing attention on the contribution of ecosystems to human well-being, there is a need for tools that integrate ecological and economic models for valuing ecosystem services. To address this, we develop a protocol for linking ecological processes and outcomes to human preferences,...
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