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This paper updates the existing meta-analysis in coral reef recreation taking into account the previous work of Brander et al. (2007) but considering some stated preference biases and/or effects. The present meta-analysis uses twice the number of observations as the previous one and sheds more...
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Understanding the impact of direct and indirect drivers of change on diverse marine ecosystems such as coral reefs implies that users as well as stakeholders and decision makers need to reconsider their strategies, roles and perceptions in meeting the challenges confronted by these ecosystems....
Persistent link: https://www.econbiz.de/10010833964
This paper examines two tests commonly used to select random parameters in choice modelling: the Lagrange Multiplier (LM) test as proposed by McFadden and Train (2000) and the t-statistic of the deviation of the random parameter. A simulation exercise based on a real case study is carried out...
Persistent link: https://www.econbiz.de/10010703060