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Confidence intervals for welfare estimators form recreation demand models

Author

Listed:
  • Kling, Catherine L.
  • Sexton, Richard J.

Abstract

This paper analyzes the use of bootstrap methods to discern the statistical precision of consumer welfare estimates from recreation demand models. Results suggest that a great deal of imprecision is present in estimates from typical cross-section data. Precision can be improved through imposition of inequality constraints on the demand function parameters.

Suggested Citation

  • Kling, Catherine L. & Sexton, Richard J., 1989. "Confidence intervals for welfare estimators form recreation demand models," WAEA/ WFEA Conference Archive (1929-1995) 291730, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waeaar:291730
    DOI: 10.22004/ag.econ.291730
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