EconPapers    
Economics at your fingertips  
 

Inducing Patterns Correlation and Substitution in Repeated Logit Model of Recreation Demand

Joseph Herriges () and Daniel Phaneuf

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: Repeated logit models are among the most commonly applied methods for modeling seasonal recreation demand. In this paper we examine the capabilities of the repeated nested logit and repeated mixed logit models to capture patterns of error correlation and demand substitution. Particular attention is paid to the use of the mixed logit framework to generalize the strong assumptions on correlation patterns across sites and choice occasions imbedded in the nested logit model. We examine the implications for the range of price elasticities allowed in both models based on the implied correlation structures.

Date: 2002-11-01
References: Add references at CitEc
Citations: View citations in EconPapers (24) Track citations by RSS feed

Published in American Journal of Agricultural Economics, November 2002, vol. 84 no. 4, pp. 1076-1090

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:isu:genres:5035

Access Statistics for this paper

More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().

 
Page updated 2019-07-19
Handle: RePEc:isu:genres:5035