The Fast Decay Process in Outdoor Recreational Activities and the Use of Alternative Count Data Models

Rakhal Sarker and Yves Surry

American Journal of Agricultural Economics, 2004, vol. 86, issue 3, 701-715

Abstract: Despite a number of significant advances in count data modeling during the last two decades and the growing popularity of these models in recreation demand analysis, standard count data models are inadequate to address the fast decay process of the dependent variable and the associated long tail. This article demonstrates how one and two-parameter alternative count data models can be used to properly model the fast decay process and the associated long tail commonly observed in recreation demand analysis. Econometric results from an illustrative application suggest satisfactory performance of four of the eight alternative count data models proposed in this article. Copyright 2004, Oxford University Press.

Date: 2004
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