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Full-Text Articles in Agricultural and Resource Economics
A Comparison Of Welfare Estimates From Four Models For Linking Seasonal Recreational Trips To Multinomial Models Of Site Choice, George R. Parsons, Ted Tomasi, Paul Jakus
A Comparison Of Welfare Estimates From Four Models For Linking Seasonal Recreational Trips To Multinomial Models Of Site Choice, George R. Parsons, Ted Tomasi, Paul Jakus
George Parsons
We compare four methods of linking a site choice Random Utility Model to a seasonal trip model. The four approaches are those proposed by Morey et al. 1993, Hausman et al. 1995, Parsons and Kealy 1995, and Feather et al. 1995. We estimate the alternative models using a common data set and calculate a change in welfare for two policy scenarios across the models. We find that there is little practical difference between the approaches of Morey et al. and Hausman et al. They are nearly the same mathematically, and the welfare estimates in our empirical example are quite close. …
Familiar And Favorite Sites In A Random Utility Model Of Beach Recreation, George R. Parsons, Daniel Mathew Massey, Ted Tomasi
Familiar And Favorite Sites In A Random Utility Model Of Beach Recreation, George R. Parsons, Daniel Mathew Massey, Ted Tomasi
George Parsons
No abstract provided.