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In this chapter, we outline the historical development of the theory and empirical implementation of recreation demand models that rely on revealed preference data. Revealed preference data and approaches are those that are based on observed behavior, with surveys typically used to collect...
Persistent link: https://www.econbiz.de/10005437106
This paper examines the status of women in the environmental economics profession in terms of their representation and impact. Three indicators are used to gauge the status of women in the profession. They are the representation of women in academia in the United States and Canada, the...
Persistent link: https://www.econbiz.de/10005437519
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Persistent link: https://www.econbiz.de/10005437626
This paper provides simple necessary conditions for testing the local consistency of nested logit models with stochastic utility maximization. A graphical analysis illustrates the extent to which these conditions extend the range of admissible dissimilarity coefficients beyond the unit interval.
Persistent link: https://www.econbiz.de/10005442065
In this paper we examine the performance of nested logit models in the face of two specification errors. The first specification error arises when a nested logit model is appropriate, but the wrong nesting structure is chosen. The second specification error occurs when the underlying stochastic...
Persistent link: https://www.econbiz.de/10005087862
In this paper we examine the performance of nested logit models in the face of two specification errors. The first specification error arises when a nested logit model is appropriate, but the wrong nesting structure is chosen. The second specification error occurs when the underlying stochastic...
Persistent link: https://www.econbiz.de/10005087863
Global conditions under which nested logit models are consistent with utility maximization are provided by Daly and Zachary and by McFadden. Recently, Borsch-Supan and Herriges and Kling have provided conditions under which a nested logit model is locally consistent. However, previous work has...
Persistent link: https://www.econbiz.de/10005087884
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Persistent link: https://www.econbiz.de/10005088081
No abstract
Persistent link: https://www.econbiz.de/10005088147
In the two volumes of readings collected here, we have chosen a sampling of some of the most essential and/or inspirational papers for understanding the state of the art in the field of revealed preference methods. The papers we have chosen cover the gamut of methods that are typically...
Persistent link: https://www.econbiz.de/10005088268