Download or read book Nesting Structure Choice in a Random Utility Model of Recreation Demand written by A. Brett Hauber and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of Nesting Structure Specification on Welfare Estimation in a Random Utility Model of Recreation Demand written by George R. Parsons and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nested logit has become common in estimating random utility models of recreation demand. Because welfare analysis is often the objective of estimating these models, it seems natural to ask, what effect does the choice of nesting structure have on the welfare estimates generated by these models? Therefore, we compare the results of nine nesting structures and find that the variation in welfare estimates across the models is not large. Our results are contrary to those of Kling and Thomson and Shaw and Ozog. The difference appears to originate with differences in the estimated dissimilarity coefficients in the nested models.
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 A Primer on Nonmarket Valuation written by Patricia A. Champ and published by Springer. This book was released on 2017-02-08 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a practical book with clear descriptions of the most commonly used nonmarket methods. The first chapters of the book provide the context and theoretical foundation of nonmarket valuation along with a discussion of data collection procedures. The middle chapters describe the major stated- and revealed-preference valuation methods. For each method, the steps involved in implementation are laid out and carefully explained with supporting references from the published literature. The final chapters of the book examine the relevance of experimentation to economic valuation, the transfer of existing nonmarket values to new settings, and assessments of the reliability and validity of nonmarket values. The book is relevant to individuals in many professions at all career levels. Professionals in government agencies, attorneys involved with natural resource damage assessments, graduate students, and others will appreciate the thorough descriptions of how to design, implement, and analyze a nonmarket valuation study.
Download or read book Land Economics written by and published by . This book was released on 1998 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Valuing Recreation and the Environment written by Joseph A. Herriges and published by Edward Elgar Publishing. This book was released on 1999 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied environmental economists analyze revealed preference approaches to modeling the demand for recreational resources, providing professional economists and policy analysts with a reference on the current state of the art in recreation demand analysis. Chapters encompass both theory of welfare measurement and practical applications. Specific models covered include mixed logit models, multinomial probit and logit models, corner solution models, and joint estimation of contingent valuation and truncated recreational demands. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book Monitoring Simulation and Management of Visitor Landscapes written by Howard Randal Gimblett and published by University of Arizona Press. This book was released on 2008 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Conventional methods used in the planning and management of human-landscape interactions fall far short of the needs of today s land management professionals. Monitoring, Simulation, and Management of Visitor Landscapes presents a growing body of applied research that provides decision makers with tools to maintain the ecological integrity of public places by evaluating the impacts of humans in various landscapes across space and time." "This will help land managers and policy makers construct strategies for evaluating interactions between humans and the environment and expand the model of land management to include social and geographic, as well as environmental, factors."--Jacket.
Download or read book Spatial Aspects of Environmental Policy written by Wayne Gray and published by Routledge. This book was released on 2019-01-22 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: There has been a recent explosion of research incorporating a spatial dimension in environmental and natural resource economics, where the spatial aspects of human behaviour or the natural environment make a crucial difference in the analysis and policy response to the problem. Much of this research has been driven by the growing availability of spatially explicit social science data and the development of tools and methodological advances to use these data. Collected in this volume are 24 key articles considering the reasons for spatial variation in policies, due to either efficiency or equity considerations, and the consequences of that spatial variation for both environmental and economic outcomes. These articles demonstrate that the failure to address spatial issues in the analysis can create two problems: (1) the analysis provides a poor basis for predicting actual behaviour that is specifically based upon spatial considerations, and (2) the analysis fails to provide a basis for designing spatially targeted policies that could lead to more efficient outcomes.
Download or read book Marine Resource Economics written by and published by . This book was released on 2007 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Measurement of Environmental and Resource Values written by A. Myrick Freeman III and published by Routledge. This book was released on 2014-06-05 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first edition of this important work was the winner of the 2002 Publication of Enduring Quality award by the Association of Environmental and Resource Economists. The continuing premise for the book is that estimates of the economic values of environmental and natural resource services are essential for effective policy-making. As previous editions, the third edition, which includes two additional co-authors, presents a comprehensive treatment of the theory and methods involved in estimating environmental benefits. Researchers, policy-makers, and practitioners will welcome the work as an up-to-date reference on recent developments. Students will gain a better understanding of the contribution that economics as a discipline can make to decisions concerning pollution control and human health, recreation, environmental amenities, and other critical issues concerning the way we use and interact with environmental and natural resource systems. To reflect recent progress in both the theory and practice of non-market valuation, the third edition includes more details on empirical approaches to measurement, expanded discussion of the reasons for divergence between "willingness to pay" and "willingness to accept compensation," and increased coverage of econometric issues encountered in estimation. In keeping with its cutting edge orientation, it also includes more discussion of survey design, equilibrium sorting models, and the implications of behavioral economics for welfare measurements and benefit cost analysis.
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 Applications of Simulation Methods in Environmental and Resource Economics written by Riccardo Scarpa and published by Springer Science & Business Media. This book was released on 2005-08-12 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simulation methods are revolutionizing the practice of applied economic analysis. In this book, leading researchers from around the world discuss interpretation issues, similarities and differences across alternative models, and propose practical solutions for the choice of the model and programming. Case studies show the practical use and the results brought forth by the different methods.
Download or read book The International Yearbook of Environmental and Resource Economics 2003 2004 written by Henk Folmer and published by Edward Elgar Publishing. This book was released on 2003 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual publication provides a survey of contemporary research on environmental and resource economics by some of the leading experts in the field. The critical issues addressed in this year's volume include: the management of high seas fisheries; choosing environmental risks; the stability and design of international environmental agreements; managing environmental risk through insurance; motor vehicles and the environment; recreation demand models; stated preference methods for environmental valuation; and pollution control policy in developing countries.
Download or read book Proceedings Symposium on Recreation Choice Behavior written by and published by . This book was released on 1985 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Valuing Nature with Travel Cost Models written by Frank A. Ward and published by Edward Elgar Publishing. This book was released on 2000 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This manual offers comprehensive information on how to set up a successful travel-cost model, complete it, and interpret results for policy or resource pricing. It covers all aspects of travel-cost models, from economic theory to sampling design and statistical analysis.
Download or read book Journal of Park and Recreation Administration written by and published by . This book was released on 2001 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:
