Welfare Losses Due to Livestock Grazing on Public Lands: A Count Data Systemwide Treatment
Backcountry hikers' willingness-to-pay for removing grazing from trails in the Hoover Wilderness is analyzed using a multinomial Dirichlet negative binomial distribution. This multivariate discrete distribution allows the direct calculation of seasonal welfare measures that are derived from an incomplete demand specification. The welfare maximizing choice of activities is examined on a trail-by-trail basis using the results of the analysis. Our findings suggest that a mix of hiking and grazing activities provide the greatest social welfare. Copyright 2005, Oxford University Press.
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Volume (Year): 87 (2005)
Issue (Month): 2 ()
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