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An Empirical Assessment of Multinomial Probit and Logit Models for Recreation Demand

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  • Chen, Heng Z.
  • Lupi, Frank
  • Hoehn, John P.

Abstract

This impressive volume analyzes revealed preference approaches to modelling the demand for recreational resources. It presents one of the most thorough treatments of methods that rely on observed behavior to estimate the value of environmental amenities.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Chen, Heng Z. & Lupi, Frank & Hoehn, John P., 1997. "An Empirical Assessment of Multinomial Probit and Logit Models for Recreation Demand," Staff Paper Series 201216, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:201216
    DOI: 10.22004/ag.econ.201216
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    References listed on IDEAS

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    1. Vassilis A. Hajivassiliou & Daniel McFadden, 1990. "The Method of Simulated Scores for the Estimation of LDV Models with an Application to External Debt Crisis," Cowles Foundation Discussion Papers 967, Cowles Foundation for Research in Economics, Yale University.
    2. Dansie, B. R., 1985. "Parameter estimability in the multinomial probit model," Transportation Research Part B: Methodological, Elsevier, vol. 19(6), pages 526-528, December.
    3. repec:cdl:agrebk:qt7982f0k8 is not listed on IDEAS
    4. Small, Kenneth A & Rosen, Harvey S, 1981. "Applied Welfare Economics with Discrete Choice Models," Econometrica, Econometric Society, vol. 49(1), pages 105-130, January.
    5. McFadden, Daniel, 1989. "A Method of Simulated Moments for Estimation of Discrete Response Models without Numerical Integration," Econometrica, Econometric Society, vol. 57(5), pages 995-1026, September.
    6. Bishop, Richard C. & Heberlein, Thomas A., 1979. "Measuring Values Of Extramarket Goods: Are Indirect Measures Biased?," 1979 Annual Meeting, July 29-August 1, Pullman, Washington 277818, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Catherine L. Kling & Joseph A. Herriges, 1995. "An Empirical Investigation of the Consistency of Nested Logit Models with Utility Maximization," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 77(4), pages 875-884.
    8. Edward R. Morey & Robert D. Rowe & Michael Watson, 1993. "A Repeated Nested-Logit Model of Atlantic Salmon Fishing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 578-592.
    9. Hanemann, W. Michael, 1982. "Applied Welfare Analysis with Qualitative Response Models," CUDARE Working Papers 7160, University of California, Berkeley, Department of Agricultural and Resource Economics.
    10. Richard C. Bishop & Thomas A. Heberlein, 1979. "Measuring Values of Extramarket Goods: Are Indirect Measures Biased?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 926-930.
    11. Gourieroux, Christian & Monfort, Alain, 1993. "Simulation-based inference : A survey with special reference to panel data models," Journal of Econometrics, Elsevier, vol. 59(1-2), pages 5-33, September.
    12. repec:cdl:uctcwp:qt1gf1t128 is not listed on IDEAS
    13. Bunch, David S., 1991. "Estimability in the multinomial probit model," Transportation Research Part B: Methodological, Elsevier, vol. 25(1), pages 1-12, February.
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