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Taste Indicators and Heterogeneous Revealed Preferences for Congestion in Recreation Demand AgEcon
Lavin, Felipe Vasquez; Hanemann, W. Michael.
Researchers using revealed preference data have mostly relied on the Mixed Logit (ML) framework to model unobserved heterogeneity. In this paper, we suggest an extension of this model where we integrate direct measures of taste and revealed preferences, under a unified econometric setting, to describe heterogeneous preferences for congestion in recreation demand. ML is a random parameter discrete choice model, which decomposes the coefficients of the regression equation into a mean effect shared by all individuals in the sample, and a deviation with respect to this mean, specific to each individual. Within this structure, heterogeneity is summarized using a parametric density function for the coefficients of the model. From this distribution one can...
Tipo: Working or Discussion Paper Palavras-chave: Research Methods/ Statistical Methods.
Ano: 2008 URL: http://purl.umn.edu/47041
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Designing contingent valuation scenarios for environmental health: The case of childhood asthma AgEcon
Brandt, Sylvia J.; Lavin, Felipe Vasquez; Hanemann, W. Michael.
Valuation of morbidity associated with childhood asthma is significant both to policy and to non-market valuation methodologies. Our results show that household perceptions and beliefs, such as belief in one’s ability to predict and control asthma attacks, and relative perceptions of the overall burden asthma places on a family, have a larger impact on valuation than traditional measures of asthma severity. More generally, our approach can be applied to other chronic illnesses as well, such as diabetes or chronic pain.
Tipo: Working or Discussion Paper Palavras-chave: Environmental health; Children; Health risk; Environmental Economics and Policy; Health Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/47077
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