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We are concerned with the definition of choice set used in Random Utility Models of recreation demand. In particular, we are concerned with the spatial boundaries used to define choice sets. In this paper, using a model of day-trip fishing in Maine, we examine the sensitivity of parameter and...
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Random Utility Models are commonly used to model the choice among a set of alternatives. Often, due to data or computational constraints, the analyst must use aggregated alternatives to estimate the model. These aggregates are defined by averaging characteristics of alternatives over...
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Random Utility Models are widely applied in studies of recreation demand. The model is particularly useful when the number of recreation sites from which individuals may choose is large. Yet, when the number gets too large, say in the hundreds, estimation becomes burdensome. We present an...
Persistent link: https://www.econbiz.de/10008537565
We evaluate the stability of coefficient and willingness to pay (WTP) estimates for recreation services over two time periods. To address this question, we estimate a Random Utility Maximization (RUM) model of recreation demand, using two datasets from different time periods, but concerning the...
Persistent link: https://www.econbiz.de/10005000531
We use contingent behavior analysis to study the effects of Pfiesteria related fish kills on the demand for seafood in the Mid-Atlantic region. We use a phone-mail-phone survey to look at the effects of various information provision mechanisms used to ameliorate the effects of misinformation...
Persistent link: https://www.econbiz.de/10005093968
In this paper we consider the effects of negative and positive risk information on perceived seafood risks and seafood consumption by gender and race. The data is from a Mid-Atlantic survey of coastal seafood consumers. We elicit risk perceptions in three risk scenarios with a dichotomous choice...
Persistent link: https://www.econbiz.de/10005093970
In this paper we estimate the economic loss of hypothetical beach closures on the Padre Island National Seashore on the Gulf Coast of Texas. We use a travel cost random utility maximization (RUM) model with data from a random phone survey of Texas residents completed in 2001. We simulate...
Persistent link: https://www.econbiz.de/10005487479
This presentation was commissioned by the Environment Network of the Regional Policy Dialogue for the III Hemispheric Meeting celebrated on March 9th and 10th, 2004. Introduction: Why do them? Basic Economic Principles. Description of Valuation Techniques. Case Studies. Data Needs. Bibliography.
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