Download or read book Habit Formation in a Discrete Choice Model of Recreation Demand written by Wiktor L. Adamowicz and published by . This book was released on 1991 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Discrete Choice Methods with Simulation written by Kenneth Train and published by Cambridge University Press. This book was released on 2009-07-06 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the new generation of discrete choice methods, focusing on the many advances that are made possible by simulation. Researchers use these statistical methods to examine the choices that consumers, households, firms, and other agents make. Each of the major models is covered: logit, generalized extreme value, or GEV (including nested and cross-nested logits), probit, and mixed logit, plus a variety of specifications that build on these basics. Simulation-assisted estimation procedures are investigated and compared, including maximum stimulated likelihood, method of simulated moments, and method of simulated scores. Procedures for drawing from densities are described, including variance reduction techniques such as anithetics and Halton draws. Recent advances in Bayesian procedures are explored, including the use of the Metropolis-Hastings algorithm and its variant Gibbs sampling. The second edition adds chapters on endogeneity and expectation-maximization (EM) algorithms. No other book incorporates all these fields, which have arisen in the past 25 years. The procedures are applicable in many fields, including energy, transportation, environmental studies, health, labor, and marketing.
Download or read book A Primer on Nonmarket Valuation written by Patricia A. Champ and published by Springer. This book was released on 2003-10-31 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Primer on Nonmarket Valuation is unique in its clear descriptions of the most commonly used nonmarket valuation techniques and their implementation. Individuals working for government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the non-technical and practical tone of this book. The first section of the book provides the context and theoretical foundation of nonmarket valuation, along with practical data issues. The middle two sections of the Primer describe the major stated and revealed nonmarket valuation techniques. For each technique, the steps involved in implementation are laid out and described. Both practitioners of nonmarket valuation and those who are new to the field will come away from these methods chapters with a thorough understanding of how to design, implement, and analyze a nonmarket valuation study. The concluding section takes stock of the usefulness of nonmarket valuation, highlighting chapters on benefit transfer, the role of nonmarket valuation in real decisions about natural resources, and where nonmarket valuation is headed in the future. As a companion to A Primer on Nonmarket Valuation, a website has been developed, http://www.fs.fed.us/nonmarketprimerdata/. This website includes downloadable datasets for each of the techniques described in the Primer, as well as links to published journal articles and reports based on the data. The website also provides an opportunity for students to estimate models using the data.
Download or read book Handbook of Environmental and Resource Economics written by Jeroen C. J. M. Van den Bergh and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 1326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This major reference book comprises specially commissioned surveys in environmental and resource economics written by an international team of experts. Authoritative yet accessible, each entry provides a state-of-the-art summary of key areas that will be invaluable to researchers, practitioners and advanced students.
Download or read book Handbook of Environmental Economics written by Karl-Goran Maler and published by Elsevier. This book was released on 2005-12-09 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much applied environmental economics is concerned with the valuation of changes in environmental quality. Obtaining reliable valuation estimates requires attention to theoretical and econometric issues that are often quite subtle. Volume 2 of the Handbook of Environmental Economics presents both the theory and the practice of environmental valuation. It synthesizes the vast literature that has accumulated since the publication of the Handbook of Natural Resource and Energy Economics two decades ago. It includes chapters on individual valuation methods written by researchers responsible for fundamental advances in those methods. It also includes cross-cutting chapters that deal with aspects of welfare theory, uncertainty, experimental methods, and public health that are pertinent to valuation. Throughout the volume, attention is paid to research and policy issues that arise not only in high-income countries, where most of the theory and econometrics that underlie applied valuation methods have been developed, but also in poorer parts of the world. The volume provides a state-of-the-art reference for scholars and practitioners alike.
Download or read book Discrete Choice Recreation Demand and Consumer Surplus written by Eric Paul English and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Three topics are examined using discrete choice models to estimate demand and consumer surplus for recreation trips. The first topic involves recreation nonparticipation and the choice to participate in a recreational activity. In recreation demand models that examine the general population, nonparticipation is usually estimated as the probability mass on zero demand given a positive level of expected demand and a discrete distribution of demand outcomes. Researchers have attempted to improve predictions of nonparticipation by modifying the parameters of the demand distribution. This study departs from previous approaches by explicitly incorporating nonparticipation into the behavioral model. The choice to participate is described by a distribution of preferences combined with a choke price on individual demands to distinguish participants from nonparticipants. The model is applied to a recreational activity in South Carolina called shrimp baiting and is found to accurately predict nonparticipation and the size of the user group. The second topic involves the estimating recreation demand models that account for fixed annual recreation fees. Models of recreation behavior have typically ignored the role of fixed annual fees, such as the fee for a recreational license, in determining choice and welfare. The second study demonstrates how techniques from the literature on discrete-continuous choice and two-part tariffs can address a situation where fixed annual fees are essential to determining the choice of a recreation site. Accounting for value captured by fixed fees can influence the way resource changes are assessed. The third study proposes a new way to incorporate income effects in logit models with repeated choices. The repeated-logit specification, commonly viewed as a series of independent discrete choices, is instead viewed as a system of continuous demand equations. In the demand-system context, repeated logit satisfies integrability conditions for the existence of an underlying utility function while retaining desirable modeling properties such as allowing for income effects together with Marshallian cross-price effects. Relative to previous welfare measures for repeated logit, the proposed approach overcomes the problem of independent choice occasions and permits the computation of theoretically supported Hicksian welfare measures.
Download or read book The Aggregation of Alternatives in a Discrete Choice Model of Recreation Demand written by Michael S. Needelman and published by . This book was released on 1991 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Journal of Agricultural and Resource Economics written by and published by . This book was released on 1994 with total page 910 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stated Choice Methods written by Jordan J. Louviere and published by Cambridge University Press. This book was released on 2000-09-28 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding and predicting the behaviour of decision makers when choosing among discrete goods has been one of the most fruitful areas of applied research over the last thirty years. An understanding of individual consumer behaviour can lead to significant changes in product or service design, pricing strategy, distribution channel and communication strategy selection, as well as public welfare analysis. This graduate and practitioner guide, first published in 2000, deals with the study and prediction of consumer choice behaviour, concentrating on stated preference (SP) methods - placing decision makers in controlled experiments that yield hypothetical choices - rather than revealed preferences (RP) - actual choices in the market. It shows how SP methods can be implemented, from experimental design to econometric modelling, and suggests how to combine RP and SP data to get the best from each type. The book also presents an update of econometric approaches to choice modelling.
Download or read book Valuing Fisheries written by Torstein John Arneson Hundloe and published by Univ. of Queensland Press. This book was released on 2002 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Humans have been fishing for food and pleasure since time immemorial. Long before the development of powerful commercial fishing vessels, tribal communities sought fish and other marine life for food and ceremonial purposes. Today, there is a significant tourism sector around diving and snorkelling.Commercial and recreational fisheries often compete for the same fish stock. Together these two groups compete with those who wish to promote a 'look but don't take' attitude to fish. And in some cases, traditional indigenous fishers have special demands that can be inconsistent with the needs of other groups.The limited nature of fish stocks can lead to arguments between these different groups. Too often the arguments are based on a wrong use of economic data. Access to and sharing of fisheries resources need not necessarily be based on economic data and principles, but if they are, the proper approach must be used.This book sets out in clear language, with simple examples, the correct economic method to be used. The aim is to improve decision-making so that everyone can enjoy a seafood meal, drop a line in the water or observe fish in a natural environment without unnecessary conflict.
Download or read book Microbehavioral Econometric Methods written by S. Niggol Seo and published by Academic Press. This book was released on 2016-06-07 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Microbehavioral Econometric Methods and Environmental Studies uses microeconometric methods to model the behavior of individuals, then demonstrates the modelling approaches in addressing policy needs. It links theory and methods with applications, and it incorporates data to connect individual choices and global environmental issues. This extension of traditional environmental economics presents modeling strategies and methodological techniques, then applies them to hands-on examples.Throughout the book, readers can access chapter summaries, problem sets, multiple household survey data with regard to agricultural and natural resources in Sub-Saharan Africa, South America, and India, and empirical results and solutions from the SAS software. - Emphasizes ways that choices and outcomes are modelled simultaneously - Illuminates relationships between micro decisions and global environmental systems - Uses software and cases in analyzing environmental policy issues - Links microeconomic models to applications in environmental economics and thereby connects individual choices with global environmental issues
Download or read book Highlights of Practical Applications of Cyber Physical Multi Agent Systems written by Javier Bajo and published by Springer. This book was released on 2017-06-07 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the nine workshops co-located with the 15th International Conference on Practical Applications of Agents and Multi-Agent Systems, PAAMS 2017, held in Porto, Portugal, in June 2017.The 41 full papers presented were carefully reviewed and selected from 80 submissions. The volume presents the papers that have been accepted for the following workshops: Workshop on Agent based Applications for Air Transport and Application of Agents to Passenger Transport; Workshop on Agent-based Artificial Markets Computational Economics; Workshop on Agents and Multi-agent Systems for AAL and e-HEALTH; Workshop on Agent-Based Solutions for Manufacturing and Supply Chain; Workshop on MAS for Complex Networks and Social Computation; Workshop on Decision Making in Dynamic Information Environments; Workshop on Multi-agent based Applications for Smart Grids and Sustainable Energy Systems; Workshop on Multiagent System based Learning Environments; Workshop on Smart Cities and Intelligent Agents.
Download or read book Economic Analysis for Ecosystem Based Management written by Daniel Holland and published by Routledge. This book was released on 2012-06-25 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ocean and coastal management regimes are increasingly subject to competing demands from stakeholders. Regulations must not only address fishing, recreation, and shipping, but also sand and gravel mining, gas pipelines, harbor/port development, offshore wind and tidal energy facilities, liquefied natural gas terminals, offshore aquaculture, and desalinization plants. The growing variety and intensity of ocean and coastal uses increases the call for a more holistic, comprehensive, and coordinated management approach that recognizes the often complex relationships between natural and human systems. For both economist and non-economist audiences, this book describes ways in which economic analysis can be an important tool to inform and improve ecosystem-based management (EBM). Topics include modeling economic impacts, benefit-cost analysis, spatial considerations in EBM, incentives and human behaviors, and accounting for uncertainty in policy analysis. Throughout the book the authors elucidate the different kinds of insights which can be gained from the use of different economic tools. In this rigorous and accessible work, the authors defy the conventional stereotype that economic perspectives necessarily favor the greatest commercial development. Instead, they demonstrate how comprehensive economic analyses consider the full range of potential services offered by marine and coastal ecosystems, including the conservation of biodiversity and creation of recreational opportunities.
Download or read book A Course in Environmental Economics written by Daniel J. Phaneuf and published by Cambridge University Press. This book was released on 2016-12-24 with total page 1301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This unique graduate textbook offers a compelling narrative of the growing field of environmental economics that integrates theory, policy, and empirical topics. Daniel J. Phaneuf and Till Requate present both traditional and emerging perspectives, incorporating cutting-edge research in a way that allows students to easily identify connections and common themes. Their comprehensive approach gives instructors the flexibility to cover a range of topics, including important issues - such as tax interaction, environmental liability rules, modern treatments of incomplete information, technology adoption and innovation, and international environmental problems - that are not discussed in other graduate-levels texts. Numerous data-based examples and end-of-chapter exercises show students how theoretical and applied research findings are complementary, and will enable them to develop skills and interests in all areas of the field. Additional data sets and exercises can be accessed online, providing ample opportunity for practice. For more information, visit the book's website at http://phaneuf-requate.com/.
Download or read book Broadband Economics written by Takanori Ida and published by Taylor & Francis. This book was released on 2009 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book Takanori Ida introduces the current status of the Japanese broadband services and the recent developments in competition policy and in doing so has developed an econometric model to analyse access demand.
Download or read book The Palgrave Handbook of Economic Performance Analysis written by Thijs ten Raa and published by Springer Nature. This book was released on 2019-12-13 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook takes an econometric approach to the foundations of economic performance analysis. The focus is on the measurement of efficiency, productivity, growth and performance. These concepts are commonly measured residually and difficult to quantify in practice. In real-life applications, efficiency and productivity estimates are often quite sensitive to the models used in the performance assessment and the methodological approaches adopted by the analysis. The Palgrave Handbook of Performance Analysis discusses the two basic techniques of performance measurement – deterministic benchmarking and stochastic benchmarking – in detail, and addresses the statistical techniques that connect them. All chapters include applications and explore topics ranging from the output/input ratio to productivity indexes and national statistics.
Download or read book Environmental and Resource Valuation with Revealed Preferences written by Nancy E. Bockstael and published by Springer Science & Business Media. This book was released on 2007-03-31 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a systematic review of those economic approaches for valuing the environment and natural resources that use information on what people do, not what they say. The authors have worked on models of revealed preferences for valuing environmental and natural resources for several decades. The book provides a candid review of the major conceptual challenges and an exploration of neglected issues in the literature.
