Decision Sequence in the Nested-Logit Model of Recreation Choice: An Application to Oregon Marine Sport Fishing (DRAFT)

Sabina L. Shaikh and Douglas M. Larson

No 20761, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The varying researcher assumptions about model specification in nested-logit random utility models can have significant effects on model estimates and corresponding welfare measures. Using a three-level nested-logit model of Oregon marine sport fishing, we estimate and compare several models with varying assumptions of choice sequence and income effects.

Keywords: Resource /Energy Economics and Policy (search for similar items in EconPapers)
Date: 2001
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