Statistical Properties of Welfare Measures from Count-Data Models of Recreation Demand

Steven T. Yen and Wiktor Adamowicz

Review of Agricultural Economics, 1993, vol. 15, issue 2, 203-215

Abstract: This article compares estimates and distributions of consumer surplus measures derived from truncated and untruncated count-data models. Large differences between the means and variances of the consumer surplus estimates of the truncated and untruncated models were found. Mathematical approximation provides reasonable estimates of the mean consumer surplus measures, but approximation of the variances is poor due to truncation errors. These findings suggest that consumer surplus measures derived from the truncated estimator should be viewed with caution.

Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://hdl.handle.net/10.2307/1349443 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:revage:v:15:y:1993:i:2:p:203-215.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

More articles in Review of Agricultural Economics from Agricultural and Applied Economics Association Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ( this e-mail address is bad, please contact ) and Christopher F. Baum ().