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A generalized version of a well-known statistical result is used to suggest an alternative strategy for estimating nested constant elasticity of substitution preferences for recreation demand. Parameter and welfare estimates from nested constant elasticity of substitution count data demand...
Persistent link: https://www.econbiz.de/10005202205
A generalized version of a well-known statistical result is used to suggest an alternative strategy for estimating nested constant elasticity of substitution preferences for recreation demand. Parameter and welfare estimates from nested constant elasticity of substitution count data demand...
Persistent link: https://www.econbiz.de/10009392641
Persistent link: https://www.econbiz.de/10009394147
Repeated logit models are among the most commonly applied methods for modeling seasonal recreation demand. In this article we examine the capabilities of the repeated nested logit and repeated mixed logit models to capture patterns of error correlation and demand substitution. Particular...
Persistent link: https://www.econbiz.de/10009397542
Persistent link: https://www.econbiz.de/10008469242