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Selection and Recreation Demand
Author(s) -
Smith V. Kerry
Publication year - 1988
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1241973
Subject(s) - recreation , microdata (statistics) , selection (genetic algorithm) , economic surplus , variety (cybernetics) , estimator , econometrics , economics , model selection , consumer demand , statistics , microeconomics , computer science , mathematics , ecology , biology , welfare , population , demography , artificial intelligence , sociology , market economy , census
This article compares five methods for estimating travel cost recreation demand models with microdata. The models are distinguished by their treatment of selection effects that arise with on‐site surveys. The comparison considers adjusting for selection effects in a variety of ways, including single and double selection rule models. Both parameter and consumer surplus estimates were evaluated. The findings indicate that the treatment of selection effects alone was not important for this case. However, the choice of an estimator did lead to large variations in per trip consumer surplus estimates.