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A Truncated Regression Model Of Recreation Demand For California Wilderness Areas

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  • Wetzstein, Michael E.
  • Ziemer, Rod F.

Abstract

The problems associated with limited dependent variables in recreation demand models have been generally ignored in previous research efforts. A probable reason for not considering these problems is that practical procedures to test for truncated bias have only tecently become available. A method suggested by Olsen can serve as an indicator regarding the severity of possible sample truncation bias inherent in OLS estimates of recreation demand parameters. This paper illustrates Olsen's method for wilderness recreation demand models. The results illustrate that a simple transformation of parameter estimates associated with OLS can indicate a possible sample truncation problem.

Suggested Citation

  • Wetzstein, Michael E. & Ziemer, Rod F., 1982. "A Truncated Regression Model Of Recreation Demand For California Wilderness Areas," 1982 Annual Meeting, August 1-4, Logan, Utah 279126, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279126
    DOI: 10.22004/ag.econ.279126
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    References listed on IDEAS

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    1. Burt, Oscar R & Brewer, Durward, 1971. "Estimation of Net Social Benefits from Outdoor Recreation," Econometrica, Econometric Society, vol. 39(5), pages 813-827, September.
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    3. Wetzstein, Michael E. & Green, Richard D., 1978. "Use Of Principal Component Attractiveness Indexes In Recreation Demand Functions," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(1), pages 1-12, July.
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    7. Wayne E. Boyet & George S. Tolley, 1966. "Recreation Projection Based on Demand Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(4_Part_I), pages 984-1001.
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