Performace of Optimal MSE Estimators Relative to Alternative Predictors of Recreational Use for National Parks

Richard Green and Warren Johnston

No 284468, 1975 Annual Meeting, August 10-13, Columbus, Ohio from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The common use of multiplicative models of recreational use (demand) results in difficulties in projecting future values. Alternative estimators are discussed, and theoretically optimal MSE-estimators are compared with OLS and maximum-likelihood estimators. Empirical results are based on use data for U.S. National Parks from Boyet and Tolley.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Pages: 14
Date: 1975-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea75:284468

DOI: 10.22004/ag.econ.284468

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