Recreation Demand Analysis under Truncation, Overdispersion, and Endogenous Stratification: An Application to Gros Morne National Park
AbstractUsing on-site survey data from Gros Morne National Park in Newfoundland, this paper estimates and compares several truncated count data models of recreation demand. The model that not only accounts for the truncated and overdispersed nature of the data but also for endogenous stratification duet o the oversampling of avid users, while allowing for flexible specification of the overdispersion parameter dominates on the basis of goodness of fit. The results are used to estimate the users’ value of access to the park.
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Bibliographic InfoPaper provided by EconWPA in its series Econometrics with number 0511007.
Length: 33 pages
Date of creation: 07 Nov 2005
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on-site sampling; endogenous stratification; consumer surplus; count data; overdispersion; recreation demand; travel cost method; truncation.;
Find related papers by JEL classification:
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-12 (All new papers)
- NEP-CUL-2005-11-12 (Cultural Economics)
- NEP-ENV-2005-11-12 (Environmental Economics)
- NEP-TUR-2005-11-12 (Tourism Economics)
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