Correcting for On-Site Sampling in Random Utility Models
This study demonstrates how the joint distribution of a set of conditional trip counts to a system of recreation-sites can be adjusted for on-site sampling. An econometric approach is proposed that addresses both the size-biased distribution of the sampled visits and the weighted distribution of reported visits to ancillary destinations in a multivariate random utility framework. Estimation results indicate that uncorrected models produce biased estimates of trip counts and welfare measures. The empirical application examines jet skiing in the Lake Tahoe region. Copyright 2005 American Agricultural Economics Association.
Year of publication: |
2005
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Authors: | Moeltner, Klaus ; Shonkwiler, J. Scott |
Published in: |
American Journal of Agricultural Economics. - American Agricultural Economics Association. - Vol. 87.2005, 2, p. 327-339
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Publisher: |
American Agricultural Economics Association |
Saved in:
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