Data/hora: 11/06/2024 04:33:06

Provedor de dados: | Research in Agricultural & Applied Economics (AgEcon Searh)
País: | United States
Título: | A Joint Estimation Method to Combine Dichotomous Choice CVM Models with Count Data TCM Models Corrected for Truncation and Endogenous Stratification
Autores: | Gonzalez,   Juan Marcos; Loomis,   John B.; Gonzalez-Caban,   Armando.
Data: | 2009-02-03
Ano: | 2008
Palavras-chave: | Contingent valuation models; Joint estimation; Nonmarket valuation; Recreation; Travel cost models; Agribusiness; Demand and Price Analysis; Productivity Analysis; Q51.
Resumo: | We update the joint estimation of revealed and stated preference data of previously published research to allow for joint estimation of the Travel Cost Method (TCM) portion using count data models. The TCM estimation also corrects for truncation and endogenous stratification as well as overdispersion. The joint estimation allows for testing consistency of behavior between revealed and stated preference data rather than imposing it. We find little gain in estimation efficiency, but our joint estimation might make a significant improvement in estimation efficiency when the contingent valuation scenarios involve major changes in site quality not reflected in the TCM data.
Tipo: | Journal Article
Idioma: | Inglês
Identificador: | http://purl.umn.edu/47207
Relação: | Journal of Agricultural and Applied Economics&gt;Volume 40, Number 02, August 2008
Formato: | 15