Estimating preferences for outdoor recreation:: a comparison of continuous and count data demand system frameworks |
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Authors: | Roger H von Haefen Daniel J Phaneuf |
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Institution: | a Department of Agricultural and Resource Economics, P.O. Box 210023, University of Arizona, Tucson, AZ 85721, USA;b Department of Agricultural and Resource Economics, North Carolina State University, Box 8108, Raleigh, NC 27695, USA |
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Abstract: | Continuous and count data demand system models have emerged as attractive alternatives to the discrete choice random utility maximization models (RUMs) that currently dominate the seasonal, multi-site recreation demand literature. This paper compares the frameworks conceptually and investigates their empirical performance with a common data set. Although the two modeling approaches employ substantially different behavioral and econometric assumptions, results from a recreation application based on the 1997 Iowa Wetlands Survey suggest that qualitatively similar policy inferences arise from the competing structures. |
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Keywords: | Demand systems Seasonal recreation demand Welfare measurement |
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