Description
Book SynopsisThis impressive volume analyzes revealed preference approaches to modelling the demand for recreational resources. It presents one of the most thorough treatments of methods that rely on observed behavior to estimate the value of environmental amenities.
The authors have brought together a collection of papers by top applied environmental economists, providing professional economists and policy analysts with a comprehensive reference on the current state-of-the-art in recreation demand analysis. The papers encompass both the theory of welfare measurement and practical applications.
This volume will be essential reading for those interested in 'tooling up' on revealed preference approaches. For long-term practitioners, the papers provide an invaluable reference on recent developments in their field.
Trade Review'Although it deals with valuing recreational resorts using revealed preference methods, this is not a book to bring to your recreation resort. The papers which make up the content are so interesting, well-written and contain such a wealth of information that you will not find time to explore even the sunniest beaches or the most scenic landscapes.' -- Henk Folmer, Wageningen Agricultural University and Tilburg University, the Netherlands
Table of ContentsContents: Preface 1. The Behavioral Basis of Non-Market Valuation 2. Welfare Analysis with Discrete Choice Models 3. TWO RUMS UnCLOAKED: Nested-Logit Models of Site Choice and Nested-Logit Models of Participation and Site Choice 4. Mixed Logit Models for Recreation Demand 5. An Empirical Assessment of Multinominal Probit and Logit Models for Recreation Demand 6. Corner Solution Models of Recreation Demand: A Comparison of Competing Frameworks 7. Joint Estimation of Contingent Valuation and Truncated Recreational Demands 8. Nonresponse Bias in Mail Survey Data: Salience vs. Endogenous Survey Complexity 9. Recreation Demand Systems for Multiple Site Count Data Travel Cost Models 10. Can We Count on Count Models? Index
