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Rationed Access And Welfare: Case Of Public Resource Lotteries

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  • Scrogin, David
  • Berrens, Robert P.

Abstract

Pressures on natural resource stocks and habitats on public lands and waterways are resulting increasingly in the rationing of public access by lottery. Upon accounting for the uncertainties of random rationing, discrete choice models lend themselves to analyzing participation in public resource lotteries and estimating welfare changes. Key to the modeling is the estimation of individual-specific expected access-probabilities. In the application we model the discrete choices of more than 18,000 participants in a lottery system for harvest rights. Welfare estimates are obtained from simulated policy changes affecting individually and jointly the access probability and indirect utility.

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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number 20472.

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Date of creation: 2001
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Handle: RePEc:ags:aaea01:20472

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Keywords: Public Economics;

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  13. Morey, Edward R. & Waldman, Donald M., 2000. "Joint Estimation of Catch and Other Travel-Cost Parameters--Some Further Thoughts," Journal of Environmental Economics and Management, Elsevier, vol. 40(1), pages 82-85, July.
  14. Hey, John D & Orme, Chris, 1994. "Investigating Generalizations of Expected Utility Theory Using Experimental Data," Econometrica, Econometric Society, Econometric Society, vol. 62(6), pages 1291-1326, November.
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  16. Peter C. Boxall, 1995. "The Economic Value of Lottery-rationed Recreational Hunting," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 43(1), pages 119-131, 03.
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