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| Registros recuperados: 24 | |
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| Chen, Min; Lupi, Frank. |
| Different kinds of endogeneity problems in Random Utility Models of recreation demand have been studied in previous literature. Some site characteristics, like facilities, could be endogenous in an economic sense due to the interplay of supply and demand. That is, it may be that more popular recreation sites tend to have better site characteristics since managers with limited budgets would be more willing to invest in them. If recreation site improvements are more likely to occur at the more popular sites, then might this economic endogeneity cause problems for econometric models linking site demand to facilities. In this paper, we use Monte Carlo simulations to test whether this economic endogeneity will lead to statistical endogeneity. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Random Utility Models; Facilities; Endogeneity; Monte Carlo simulations; Environmental Economics and Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/49449 |
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| Racevskis, Laila A.; Lupi, Frank. |
| The manner in which WTP survey responses are elicited has received much attention in the nonmarket valuation literature because of the potential bias that may be introduced via alternate response formats. One issue of particular concern is that of incentive compatibility. Several studies have concluded that response formats that present a series of valuation questions are not incentive compatible. While the single dichotomous choice elicitation format reduces the amount of information collected, multiple-bounded elicitation formats may yield biased, unreliable results. Understanding this trade-off can help provide better information on response formats that will elicit incentive compatible responses and therefore provide realistic and policy-relevant... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Research Methods/ Statistical Methods; Resource /Energy Economics and Policy. |
| Ano: 2008 |
URL: http://purl.umn.edu/6477 |
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| Registros recuperados: 24 | |
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