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Site Aggregation in a Random Utility Model of Recreation

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  • George R. Parsons
  • Michael S. Needelman

Abstract

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 prespecified groups. In this analysis, we demonstrate that unless some very restrictive conditions hold, the use of aggregated alternatives will lead to biased results. Then, using a data set of recreational fishing in Wisconsin, we show the effects that this bias can have on the results estimated from the model.

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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 68 (1992)
Issue (Month): 4 ()
Pages: 418-433

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Handle: RePEc:uwp:landec:v:68:y:1992:i:4:p:418-433

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Web page: http://le.uwpress.org/

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Cited by:
  1. Tay, Richard & McCarthy, Patrick S. & Fletcher, Jerald J., 1996. "A portfolio choice model of the demand for recreational trips," Transportation Research Part B: Methodological, Elsevier, Elsevier, vol. 30(5), pages 325-337, October.
  2. Hicks, Robert L., 2002. "A Comparison Of Stated And Revealed Preference Methods For Fisheries Management," 2002 Annual meeting, July 28-31, Long Beach, CA, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 19853, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  3. Shonkwiler, John Scott & Shaw, W. Douglass, 1996. "Hurdle Count-Data Models In Recreation Demand Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, Western Agricultural Economics Association, vol. 21(02), December.
  4. Needelman, Michael S. & Kealy, Mary Jo, 1995. "Recreational Swimming Benefits Of New Hampshire Lake Water Quality Policies: An Application Of A Repeated Discrete Choice Model," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, Northeastern Agricultural and Resource Economics Association, vol. 24(1), April.
  5. Phaneuf, Daniel J. & Kling, Catherine L. & Herriges, Joseph A., 2000. "Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand," Staff General Research Papers, Iowa State University, Department of Economics 1355, Iowa State University, Department of Economics.
  6. Freeman, Miranda & Dunford, Richard W., 2003. "The New Carissa Shipwreck: Aesthetic Impact On Coastal Recreation," 2003 Annual meeting, July 27-30, Montreal, Canada, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) 22139, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  7. Domanski, Adam, 2009. "Estimating Mixed Logit Recreation Demand Models With Large Choice Sets," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin, Agricultural and Applied Economics Association 49413, Agricultural and Applied Economics Association.
  8. Fleischer, Aliza & Tsur, Yacov, 2002. "Measuring The Recreational Value Of Open Spaces," Discussion Papers, Hebrew University of Jerusalem, Department of Agricultural Economics and Management 15008, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
  9. Linwood Pendleton & Robert Mendelsohn, 2000. "Estimating Recreation Preferences Using Hedonic Travel Cost and Random Utility Models," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 17(1), pages 89-108, September.
  10. Yongjie Ji & Joseph A. Herriges & Catherine L. Kling, 2013. "Modeling Recreation Demand when the Access Point is Unknown," Center for Agricultural and Rural Development (CARD) Publications, Center for Agricultural and Rural Development (CARD) at Iowa State University 13-wp540, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  11. Marianne Zandersen & Mette Termansen & Frank S. Jensen, 2005. "Benefit Transfer over Time of Ecosystem Values: the Case of Forest Recreation," Working Papers, Research unit Sustainability and Global Change, Hamburg University FNU-61, Research unit Sustainability and Global Change, Hamburg University, revised Mar 2005.
  12. MacPherson, Alexander J. & Moore, Rebecca & Provencher, Bill, 2006. "A Dynamic Principal-Agent Model of Human-Mediated Aquatic Species Invasions," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, Northeastern Agricultural and Resource Economics Association, vol. 35(1), April.
  13. Kaoru, Yoshiaki, 1995. "Measuring marine recreation benefits of water quality improvements by the nested random utility model," Resource and Energy Economics, Elsevier, Elsevier, vol. 17(2), pages 119-136, August.
  14. Alvarez, Sergio & Larkin, Sherry L. & Whitehead, John C. & Haab, Timothy C., 2012. "Substitution, Damages, and Compensation for Anglers due to Oil Spills:The case of the Deepwater Horizon," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington, Agricultural and Applied Economics Association 124779, Agricultural and Applied Economics Association.
  15. Moore, Rebecca & Macpherson, Alex & Provencher, Bill, 2005. "A Dynamic Principal-Agent Model of Human-Mediated Aquatic Species Invasions," Staff Paper Series, University of Wisconsin, Agricultural and Applied Economics 485, University of Wisconsin, Agricultural and Applied Economics.
  16. W. Shaw & Michael Ozog, 1999. "Modeling Overnight Recreation Trip Choice: Application of a Repeated Nested Multinomial Logit Model," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 13(4), pages 397-414, June.
  17. John C. Whitehead, 2005. "Contingent Valuation and Random Utility Model Estimates of the Recreational Value of King Mackerel," Working Papers, Department of Economics, Appalachian State University 05-08, Department of Economics, Appalachian State University.
  18. Termansen, Mette & Zandersen, Marianne & McClean, Colin J., 2008. "Spatial substitution patterns in forest recreation," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 38(1), pages 81-97, January.
  19. Murdock, Jennifer, 2006. "Handling unobserved site characteristics in random utility models of recreation demand," Journal of Environmental Economics and Management, Elsevier, vol. 51(1), pages 1-25, January.
  20. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, Elsevier, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.

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