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Inducing Patterns Correlation and Substitution in Repeated Logit Model of Recreation Demand

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  • Herriges, Joseph A.
  • Phaneuf, Daniel J.

Abstract

Repeated logit models are among the most commonly applied methods for modeling seasonal recreation demand. In this paper we examine the capabilities of the repeated nested logit and repeated mixed logit models to capture patterns of error correlation and demand substitution. Particular attention is paid to the use of the mixed logit framework to generalize the strong assumptions on correlation patterns across sites and choice occasions imbedded in the nested logit model. We examine the implications for the range of price elasticities allowed in both models based on the implied correlation structures.

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Bibliographic Info

Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 5035.

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Date of creation: 01 Nov 2002
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Publication status: Published in American Journal of Agricultural Economics, November 2002, vol. 84 no. 4, pp. 1076-1090
Handle: RePEc:isu:genres:5035

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
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Web page: http://www.econ.iastate.edu
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Cited by:
  1. Ricardo Scarpa & Mara Thiene & Kenneth Train, 2006. "Utility in WTP Space: A Tool to Address Confounding Random Scale Effects in Destination Choice to the Alps," Working Papers in Economics 06/15, University of Waikato, Department of Economics.
  2. Herriges, Joseph A. & Phaneuf, Daniel J. & Tobias, Justin L., 2008. "Estimating demand systems when outcomes are correlated counts," Journal of Econometrics, Elsevier, vol. 147(2), pages 282-298, December.
  3. Landry, Craig E. & Allen, Tom & Cherry, Todd & Whitehead, John C., 2012. "Wind turbines and coastal recreation demand," Resource and Energy Economics, Elsevier, vol. 34(1), pages 93-111.
  4. Craig E. Landry & Paul Hindsley & Okmyung Bin & Jamie B. Kruse & John C. Whitehead & Ken Wilson, 2011. "Weathering the Storm: Measuring Household Willingness-to-Pay for Risk-Reduction in Post-Katrina New Orleans," Southern Economic Journal, Southern Economic Association, vol. 77(4), pages 991-1013, April.
  5. Riccardo Scarpa & Mara Thiene & Francesco Marangon, 2008. "Using Flexible Taste Distributions to Value Collective Reputation for Environmentally Friendly Production Methods," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 56(2), pages 145-162, 06.
  6. Abidoye, Babatunde & Herriges, Joseph A., 2010. "Model Uncertainty in Characterizing Recreation Demand," Staff General Research Papers 32028, Iowa State University, Department of Economics.
  7. Boxall, Peter C. & Englin, Jeffrey E., 2008. "Fire and Recreational Values in Fire-Prone Forests: Exploring an Intertemporal Amenity Function Using Pooled RP-SP Data," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(01), April.
  8. Dan Marsh & Lena Mkwara & Riccardo Scarpa, 2011. "Do Respondents’ Perceptions of the Status Quo Matter in Non-Market Valuation with Choice Experiments? An Application to New Zealand Freshwater Streams," Sustainability, MDPI, Open Access Journal, vol. 3(9), pages 1593-1615, September.
  9. Bujosa Bestard, Angel & Font, Antoni Riera, 2009. "Environmental diversity in recreational choice modelling," Ecological Economics, Elsevier, vol. 68(11), pages 2743-2750, September.
  10. Silvia Ferrini & Riccardo Scarpa, 2005. "Experimental Designs for Environmental Valuation with Choice-Experiments: A Monte-Carlo Investigation," Working Papers in Economics 05/08, University of Waikato, Department of Economics.
  11. Abidoye, Babatunde & Herriges, Joseph A. & Tobias, Justin, 2010. "Controlling for Observed and Unobserved Site Characteristics in Rum Models of Recreation Demand," Staff General Research Papers 31559, Iowa State University, Department of Economics.
  12. 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.
  13. Yao, Richard T. & Scarpa, Riccardo & Turner, James A. & Barnard, Tim D. & Rose, John M. & Palma, João H.N. & Harrison, Duncan R., 2014. "Valuing biodiversity enhancement in New Zealand's planted forests: Socioeconomic and spatial determinants of willingness-to-pay," Ecological Economics, Elsevier, vol. 98(C), pages 90-101.

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