Exact and Approximate Welfare Measures in the Repeated Random Utility Model with an Application to Valuing Great Lakes Fish

Exact and Approximate Welfare Measures in the Repeated Random Utility Model with an Application to Valuing Great Lakes Fish PDF Author: Frank Lupi
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ISBN:
Category :
Languages : en
Pages :

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Exact and Approximate Welfare Measures in the Repeated Radom Utility Model with an Application to Valuing Great Lakes Fish

Exact and Approximate Welfare Measures in the Repeated Radom Utility Model with an Application to Valuing Great Lakes Fish PDF Author: Frank Lupi
Publisher:
ISBN:
Category :
Languages : en
Pages : 398

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Dissertation Abstracts International

Dissertation Abstracts International PDF Author:
Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 664

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Department Publications

Department Publications PDF Author: University of Minnesota. Department of Applied Economics
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ISBN:
Category : Agriculture
Languages : en
Pages : 50

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Journal of Economic Literature

Journal of Economic Literature PDF Author:
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ISBN:
Category : Economics
Languages : en
Pages : 758

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American Doctoral Dissertations

American Doctoral Dissertations PDF Author:
Publisher:
ISBN:
Category : Dissertation abstracts
Languages : en
Pages : 806

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Incorporating Observed Choice Into the Construction of Welfare Measures from Random Utility Models

Incorporating Observed Choice Into the Construction of Welfare Measures from Random Utility Models PDF Author:
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ISBN:
Category : Welfare economics
Languages : en
Pages : 34

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Welfare Effects of Changes in Environmental Quality Under Individual Uncertainty About Use

Welfare Effects of Changes in Environmental Quality Under Individual Uncertainty About Use PDF Author: Trudy Ann Cameron
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Category :
Languages : en
Pages : 0

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We adapt the theoretical state-preference model to value nonmarket public goods under individual uncertainty about use, illustrating with an assessment of willingness-to-pay to prevent acid rain lake damage in the northeast. Individual usage uncertainty is modeled via probabilities of participation in trout fishing. Changes in environmental quality are valued using a random utility model to explain yes/no responses to a contingent valuation question. We produce quantitative welfare measures: individual fitted and simulated passive- and active-use values, individual expected consumer surplus, option price, option value, and complete individual willingness-to-pay loci.

Nonparametric Bounds on Welfare Measures

Nonparametric Bounds on Welfare Measures PDF Author: John Crooker
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ISBN:
Category :
Languages : en
Pages : 44

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The Effect of Nesting Structure Specification on Welfare Estimation in a Random Utility Model of Recreation Demand

The Effect of Nesting Structure Specification on Welfare Estimation in a Random Utility Model of Recreation Demand PDF Author: George R. Parsons
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Category :
Languages : en
Pages : 0

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Nested logit has become common in estimating random utility models of recreation demand. Because welfare analysis is often the objective of estimating these models, it seems natural to ask, what effect does the choice of nesting structure have on the welfare estimates generated by these models? Therefore, we compare the results of nine nesting structures and find that the variation in welfare estimates across the models is not large. Our results are contrary to those of Kling and Thomson and Shaw and Ozog. The difference appears to originate with differences in the estimated dissimilarity coefficients in the nested models.