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The implications of model specification for welfare estimation in nested logit models

Kling, Catherine L. ; Thomson, Cynthia J.

American journal of agricultural economics, 1996-02, Vol.78 (1), p.103-114 [Periódico revisado por pares]

Menasha, Wis: Oxford University Press

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Título:
The implications of model specification for welfare estimation in nested logit models
Autor: Kling, Catherine L. ; Thomson, Cynthia J.
Assuntos: Agricultural economics ; Beaches ; Boats ; CALIFORNIA ; CALIFORNIE ; Coefficients ; Decision making ; DEMANDA ; DEMANDE ; ECONOMETRIA ; ECONOMETRIE ; ECONOMIA DE BIENESTAR ; Economic models ; Economics ; ECONOMIE DU BIEN ETRE ; Environmental quality ; Estimates ; Estimators ; METHODE STATISTIQUE ; METODOS ESTADISTICOS ; MODELE ; MODELE DE SIMULATION ; Modeling ; Modelling ; MODELOS ; MODELOS DE SIMULACION ; nested logit models ; nonmarket valuation ; Parametric models ; PECHE A LA CANNE ; PESCA CON CANA ; Piers ; Probability ; Q260 ; Recreation ; recreation demand ; Sport fishing ; sportfishing ; Standard error ; Utility functions ; Welfare
É parte de: American journal of agricultural economics, 1996-02, Vol.78 (1), p.103-114
Notas: P01
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Descrição: Nested logit models are increasingly being used to value environmental amenities. The implications of nesting structure, choice of estimator (FIML or sequential), and restrictions on parameters across nested groups on welfare estimates are examined. These issues have received little previous attention. Model selection criteria that can be used to distinguish among the models are extended and applied. Additionally, a simulation procedure is implemented to construct standard errors for the welfare measures.
Editor: Menasha, Wis: Oxford University Press
Idioma: Inglês

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The implications of model specification for welfare estimation in nested logit models

Kling, Catherine L. ; Thomson, Cynthia J.

Menasha, Wis: Oxford University Press

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