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Provedor de dados:  AgEcon
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
Travel cost models
Demand and Price Analysis
Productivity Analysis
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
Relação:  Journal of Agricultural and Applied Economics>Volume 40, Number 02, August 2008
Formato:  15

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