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| Author: | Landry, C.E. Liu, H. |
| Title: | A semi-parametric estimator for revealed and stated preference data - An application to recreational beach visitation |
| Journal: | Journal of Environmental Economics and Management
2009 : MAR, VOL. 57:2, p. 205-218 |
| Index terms: | USA leisure recreation demand analysis preferences models |
| Freeterms: | heterogeneity |
| Language: | eng |
| Abstract: | A semi-parametric approach is presented for jointly estimating revealed and stated preference recreation demand models. The discrete factor method (DFM) allows for correlation across demand equations, incorporating unobserved heterogeneity. This study's model is a generalized negative binomial with random effects, applied to beach recreation demand in North Carolina, U.S. Statistical evidence supports the DFM specification, imposing less restriction on model dispersion and incorporating unobserved heterogeneity in a flexible manner etc. |
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