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In this article we estimate the recreational use value of household trips to view shorebirds during the annual horseshoe crab/shorebird migration on the Delaware Bay. We use contingent valuation to estimate the value of day and overnight trips separately and use a discrete choice question...
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We estimated a count data model of recreation demand using data from an on-site survey of recreational birders who had visited southern Delaware during the month–long annual horseshoe crab/shorebird spring migration in 2008. We analyzed daytrips only. Our estimates from the models ranged from...
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This report is not intended to be a handbook for how to do valuation techniques or to be exhaustive on all the applications done in Latin America and the Caribbean. Rather, it is intended to be a statement, as free of economic jargon as possible, about how and why economists value environmental...
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Conventional discrete choice Random Utility Maximization (RUM) models of recreation demand ignore the influence of knowledge, or site capital, gained over past trips on current site choice, despite its obvious impact. We develop a partially dynamic RUM model that incorporates a measure of site...
Persistent link: https://www.econbiz.de/10005341634
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...
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