Narrow Choice Sets in a Random Utility Model of Recreation Demand
AbstractWe 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 estimates. We use nearby sites as close substitutes and treat more distant sites as aggregate alternatives in our application to fishing in Maine. We find that the welfare estimates are rather sensitive to narrowing choice sets in this manner. The sensitivity largely tracts variation in the estimated travel cost coefficient across the different models considered.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 76 (2000)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://le.uwpress.org/
Find related papers by JEL classification:
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- 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 13-wp540, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Hicks, Robert L. & Schnier, Kurt E., 2010. "Spatial regulations and endogenous consideration sets in fisheries," Resource and Energy Economics, Elsevier, vol. 32(2), pages 117-134, April.
- Phaneuf, Daniel J. & Herriges, Joseph A., 1999.
"Choice Set Definition Issues In A Kuhn-Tucker Model Of Recreation Demand,"
Marine Resource Economics,
Marine Resources Foundation, vol. 14(4).
- Herriges, Joseph A. & Phaneuf, Daniel J., 1999. "Choice Set Definition Issues in a Kuhn-Tucker Model of Recreation Demand," Staff General Research Papers 5222, Iowa State University, Department of Economics.
- Roger Haefen, 2008. "Latent Consideration Sets and Continuous Demand Systems," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 41(3), pages 363-379, November.
- Stephen L. DeJardins & Dennis A. Ahlburg & Brian McCall, . "An Integrated Model of Application, Admission, Enrollment, and Financial Aid," Working Papers 0104, Human Resources and Labor Studies, University of Minnesota (Twin Cities Campus).
- Haab, Timothy C. & Hicks, Robert L., 1999. "Choice Set Considerations In Models Of Recreation Demand: History And Current State Of The Art," Marine Resource Economics, Marine Resources Foundation, vol. 14(4).
- Parsons, George R. & Massey, D. Matthew & Tomasi, Theodore D., 1999. "Familiar And Favorite Sites In A Random Utility Model Of Beach Recreation," Marine Resource Economics, Marine Resources Foundation, vol. 14(4).
- H. Spencer Banzhaf & V. Kerry Smith, 2007.
"Meta-analysis in model implementation: choice sets and the valuation of air quality improvements,"
Journal of Applied Econometrics,
John Wiley & Sons, Ltd., vol. 22(6), pages 1013-1031.
- Smith, V. Kerry & Banzhaf, H. Spencer, 2003. "Meta Analysis in Model Implementation: Choice Sets and the Valuation of Air Quality Improvements," Discussion Papers dp-03-61, Resources For the Future.
- Hicks, Robert L., 2002. "A Comparison Of Stated And Revealed Preference Methods For Fisheries Management," 2002 Annual meeting, July 28-31, Long Beach, CA 19853, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Paudel, Krishna P. & Caffey, Rex H. & Devkota, Nirmala, 2011. "An Evaluation of Factors Affecting the Choice of Coastal Recreational Activities," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 43(02), May.
- Kuminoff, Nicolai V., 2009. "Decomposing the structural identification of non-market values," Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 123-139, March.
- Christopher Avery & Caroline Minter Hoxby, 2004.
"Do and Should Financial Aid Packages Affect Students' College Choices?,"
in: College Choices: The Economics of Where to Go, When to Go, and How to Pay For It, pages 239-302
National Bureau of Economic Research, Inc.
- Christopher Avery & Caroline M. Hoxby, 2003. "Do and Should Financial Aid Packages Affect Students' College Choices?," NBER Working Papers 9482, National Bureau of Economic Research, Inc.
- Domanski, Adam, 2009. "Estimating Mixed Logit Recreation Demand Models With Large Choice Sets," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49413, Agricultural and Applied Economics Association.
- Robert Deacon & Felix Schläpfer, 2010. "The Spatial Range of Public Goods Revealed Through Referendum Voting," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 47(3), pages 305-328, November.
- J. DeShazo & Trudy Cameron & Manrique Saenz, 2009. "The Effect of Consumers’ Real-World Choice Sets on Inferences from Stated Preference Surveys," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(3), pages 319-343, March.
- Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.
- Bengochea, A., 2003. "Valoración del uso recreativo de un espacio natural," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 21, pages 321-338, Agosto.
- Scrogin, David & Hofler, Richard & Boyle, Kevin J. & Milon, J. Walter, 2004. "On The Frontier Of Generating Revealed Preference Choice Sets: An Efficient Approach," 2004 Annual meeting, August 1-4, Denver, CO 20134, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.