A TRUNCATED REGRESSION MODEL OF RECREATION DEMAND FOR CALIFORNIA WILDERNESS AREAS

Michael E. Wetzstein and Rod F. Ziemer

No 279126, 1982 Annual Meeting, August 1-4, Logan, Utah from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The problems associated with limited dependent variables in recreation demand models have been generally ignored in previous research efforts. A probable reason for not considering these problems is that practical procedures to test for truncated bias have only tecently become available. A method suggested by Olsen can serve as an indicator regarding the severity of possible sample truncation bias inherent in OLS estimates of recreation demand parameters. This paper illustrates Olsen's method for wilderness recreation demand models. The results illustrate that a simple transformation of parameter estimates associated with OLS can indicate a possible sample truncation problem.

Keywords: Demand and Price Analysis; Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 16
Date: 1982-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea82:279126

DOI: 10.22004/ag.econ.279126

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