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Addressing aggregation bias in zonal recreation models

Article Abstract:

A zonal model of recreation that captures some of the underlying heterogeneity of individual visitors by including information on per-capita income from census sources into the aggregate demand function, are proposed. This reduces the risk of aggregation bias in estimated parameters.

Reports, Set theory, Fuzzy sets, Econometric models, Recreation research, Countable sets

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Consumer surplus from discrete choice models

Article Abstract:

Issues relating to the calculation of consumer surplus for utility - consistent measures of welfare are presented. The same welfare measures as random utility models are provided by this method.

Methods, Measurement, Consumption (Economics), Economic forecasting, Welfare economics

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Accounting for stochastic shadow values of time in discrete-choice recreation demand models

Article Abstract:

A discrete-choice model recreation demand model that explicitly accounts for a stochastic shadow value of time function by using the data from survey beach users in San Diego is presented.

California, Analysis, Monte Carlo method, Monte Carlo methods, Travel costs, Logits

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