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Persistent link: https://www.econbiz.de/10010578839
At least thirty studies have been conducted in North America over the last twenty-plus years that measure amenity values generated by farmland. A review of these studies provides evidence that estimated farmland amenity values are sensitive to increasing acreage, regional scarcity, alternative...
Persistent link: https://www.econbiz.de/10010613869
Using principal component analysis, a climate index is developed to estimate the linkage between climate and crop yields. The indices based on three climate projections are then applied to forecast future crop yield responses. We identify spatial heterogeneity of crop yield responses to future...
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In 1994 and 1995, the National Survey of Recreation and Environment (NSRE) was accomplished by interviewing approximately 17,000 Americans over age 15 in random-digit-dialing telephone samplings. The primary purpose was to learn about the outdoor recreation activities of people over age 15 in...
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The assumption of independence of irrelevant alternatives in a sequential contingent valuation format should be questioned. Statistically, most valuation studies treat nonindependence as a consequence of unobserved individual effects. Another approach is to consider an inferentialprocess in...
Persistent link: https://www.econbiz.de/10009446052
Estimating regional demand models by pooling different samples without correcting for such differences causes model misspecification as each sample belongs to a different population. Weighted regression using Pseudolikelihood to account for differences in sample population with adjustment for...
Persistent link: https://www.econbiz.de/10009446081
Although mixed logit models are common in stated preference applications, resulting welfare estimates can be sensitive to minor changes in specification. This can be of critical relevance for policy and welfare analysis, particularly if policymakers are unaware of practical implications. Drawing...
Persistent link: https://www.econbiz.de/10009446090