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Valuing Resource Access with Seminonparametric Techniques: An Application to Clear L

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Crooker, John R.

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Abstract

The focus of this investigation is three-fold. First, seminonparametric techniques are considered in order to avoid the pitfall of imparting bias on value estimates. Second, the efficacy of seminonparametric techniques are explored in an empirical setting by valuing recreational access at Clear Lake, Iowa. Finally, a technique from Eastwood and Gallant (1991) is adapted and applied to the count data model. Keywords: Clear Lake survey, nonmarket valuation, recreation valuation, seminonparametric techniques, value estimates, welfare estimates.

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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 11246.

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Date of creation: 20 Jan 2004
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Handle: RePEc:isu:genres:11246

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lutz Kilian, 1998. "Small-Sample Confidence Intervals For Impulse Response Functions," The Review of Economics and Statistics, MIT Press, vol. 80(2), pages 218-230, May. [Downloadable!] (restricted)
  2. Azevedo, Christopher & Herriges, Joseph A. & Kling, Catherine L., 2001. "Valuing Preservation and Improvements of Water Quality in Clear Lake," Staff General Research Papers 1949, Iowa State University, Department of Economics. [Downloadable!]
    Other versions:
  3. Michael D. Creel, 1997. "Welfare Estimation Using The Fourier Form: Simulation Evidence For The Recreation Demand Case," The Review of Economics and Statistics, MIT Press, vol. 79(1), pages 88-94, February. [Downloadable!] (restricted)
  4. Kling, Catherine L., 1989. "The Importance Of Functional Form In The Estimation Of Welfare," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(01), July. [Downloadable!]
  5. Kling, Catherine & Sexton, Richard, 1999. "Bootstrapping in Applied Welfare Analysis," Staff General Research Papers 1595, Iowa State University, Department of Economics.
  6. Englin, Jeffrey & Shonkwiler, J S, 1995. "Estimating Social Welfare Using Count Data Models: An Application to Long-Run Recreation Demand under Conditions of Endogenous Stratification and Truncation," The Review of Economics and Statistics, MIT Press, vol. 77(1), pages 104-12, February. [Downloadable!] (restricted)
  7. Graham-Tomasi, Theodore & Adamowicz, Wiktor L. & Fletcher, Jerald J., 1988. "On Approximations To Expected Consumer Surplus," Staff Papers 13602, University of Minnesota, Department of Applied Economics. [Downloadable!]
  8. Cameron, A. Colin & Trivedi, Pravin K., 1990. "Regression-based tests for overdispersion in the Poisson model," Journal of Econometrics, Elsevier, vol. 46(3), pages 347-364, December. [Downloadable!] (restricted)
  9. Kling, Catherine, 1999. "Importance of Functional Form in the Estimation of Welfare (The)," Staff General Research Papers 1596, Iowa State University, Department of Economics.
  10. Hongyi Li & G. S. Maddala, 1999. "Bootstrap Variance Estimation Of Nonlinear Functions Of Parameters: An Application To Long-Run Elasticities Of Energy Demand," The Review of Economics and Statistics, MIT Press, vol. 81(4), pages 728-733, November. [Downloadable!] (restricted)
  11. repec:cup:etheor:v:7:y:1991:i:3:p:307-40 is not listed on IDEAS
  12. Eastwood, Brian J. & Gallant, A. Ronald, 1991. "Adaptive Rules for Seminonparametric Estimators That Achieve Asymptotic Normality," Econometric Theory, Cambridge University Press, vol. 7(03), pages 307-340, September. [Downloadable!]
  13. Douglas Fisher & Adrian R. Fleissig & Apostolos Serletis, 2001. "An empirical comparison of flexible demand system functional forms," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(1), pages 59-80. [Downloadable!]
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  14. McConnell, Kenneth E., 1985. "The economics of outdoor recreation," Handbook of Natural Resource and Energy Economics, in: A. V. Kneese† & J. L. Sweeney (ed.), Handbook of Natural Resource and Energy Economics, edition 1, volume 2, chapter 15, pages 677-722 Elsevier. [Downloadable!] (restricted)
  15. Shaw, Daigee, 1988. "On-site samples' regression : Problems of non-negative integers, truncation, and endogenous stratification," Journal of Econometrics, Elsevier, vol. 37(2), pages 211-223, February. [Downloadable!] (restricted)
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  1. Isabel Mendes & Isabel Proença, 2005. "Estimating the Recreation Value of Ecosystems by Using a Travel Cost Method Approach," Working Papers 2005/08, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
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