Recreation Demand Analysis under Truncation, Overdispersion, and Endogenous Stratification: An Application to Gros Morne National Park
Roberto Martinez-Espineira () and
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Joe Amoako-Tuffour: St Francis Xavier University
Econometrics from EconWPA
Using on-site survey data from Gros Morne National Park in Newfoundland, this paper estimates and compares several truncated count data models of recreation demand. The model that not only accounts for the truncated and overdispersed nature of the data but also for endogenous stratification duet o the oversampling of avid users, while allowing for flexible specification of the overdispersion parameter dominates on the basis of goodness of fit. The results are used to estimate the users’ value of access to the park.
Keywords: on-site sampling; endogenous stratification; consumer surplus; count data; overdispersion; recreation demand; travel cost method; truncation. (search for similar items in EconPapers)
JEL-codes: Q26 C24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cul, nep-env and nep-tur
Note: Type of Document - pdf; pages: 33
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpem:0511007
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