Abstract
This article compares five methods for estimating travel cost recreation demand models with microdata. The models are distinguished by their treatment of selection effects that arise with on-site surveys. The comparison considers adjusting the selection effects in a variety of ways, concluding single and double section rule models. Both parameter and consumer surplus estimates were evaluated. The findings indicate that the treatment of selection effects alone was not important for this case. However, the choice of an estimator did lead to large variations in per trip consumer surplus estimates. -Author
Original language | English (US) |
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Pages (from-to) | 29-36 |
Number of pages | 8 |
Journal | American Journal of Agricultural Economics |
Volume | 70 |
Issue number | 1 |
State | Published - 1988 |
Externally published | Yes |
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics