Confidence intervals for welfare estimators form recreation demand models

Catherine Kling and Richard J. Sexton

No 291730, WAEA/ WFEA Conference Archive (1929-1995) from Western Agricultural Economics Association

Abstract: This paper analyzes the use of bootstrap methods to discern the statistical precision of consumer welfare estimates from recreation demand models. Results suggest that a great deal of imprecision is present in estimates from typical cross-section data. Precision can be improved through imposition of inequality constraints on the demand function parameters.

Keywords: Demand and Price Analysis; Agricultural and Food Policy (search for similar items in EconPapers)
Pages: 15
Date: 1989-02-27
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaar:291730

DOI: 10.22004/ag.econ.291730

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