Estimating preferences for outdoor recreation:: a comparison of continuous and count data demand system frameworks
Continuous and count data demand system models have emerged as attractive alternatives to the discrete choice random utility maximization models (RUMs) that currently dominate the seasonal, multi-site recreation demand literature. This paper compares the frameworks conceptually and investigates thei...
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Veröffentlicht in: | Journal of environmental economics and management 2003-05, Vol.45 (3), p.612-630 |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | Continuous and count data demand system models have emerged as attractive alternatives to the discrete choice random utility maximization models (RUMs) that currently dominate the seasonal, multi-site recreation demand literature. This paper compares the frameworks conceptually and investigates their empirical performance with a common data set. Although the two modeling approaches employ substantially different behavioral and econometric assumptions, results from a recreation application based on the 1997 Iowa Wetlands Survey suggest that qualitatively similar policy inferences arise from the competing structures. |
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ISSN: | 0095-0696 1096-0449 |
DOI: | 10.1016/S0095-0696(02)00024-4 |