Static modeling of dynamic recreation behavior: Implications for prediction and welfare estimation

Journal of Environmental Economics and Management

Volumn 50, Issue 3, 2005, Pages 617-636

  Baerenklau, Kenneth A ^a   Provencher, Bill ^b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b UNIVERSITY OF WISCONSIN MADISON   (United States)

Author keywords

Bellman's equation; Dynamic programming; Dynamic structural estimation; Kuhn Tucker; Logit; Mental accounting; Random utility model; Recreation benefits estimation; Reduced form estimation; Rum

Indexed keywords

COMPUTER SIMULATION; DYNAMIC PROGRAMMING; ESTIMATION; FORECASTING; LAKES; MATHEMATICAL MODELS; SAMPLING;

BELLMAN'S EQUATION; DYNAMIC STRUCTURAL ESTIMATION; KUHN-TUCKER; LOGIT; MENTAL ACCOUNTING; RANDOM UTILITY MODEL; REDUCED-FORM ESTIMATION; RUM; STATIC MODEL; TRIP FORECASTING;

ENVIRONMENTAL PROTECTION;

MODELING; TOURISM;

EID: 27544440083     PISSN: 00950696     EISSN: 10960449     Source Type: Journal    
DOI: 10.1016/j.jeem.2005.03.001     Document Type: Article

References (19)

1. M. Ben-Akiva, and S.R. Lerman Discrete Choice Analysis: Theory and Application to Travel Demand 1985 MIT Cambridge, MA
2. T. Buchanan, E.R. Morey, and D.M. Waldman Happy Trails to You: The Impact of Trail Characteristics and Access Fees on a Mountain Biker's Trail Selection and Consumer's Surplus. Discussion paper, Department of Economics 1998 University of Colorado Boulder
3. D. Card, and D. Sullivan Measuring the effects of subsidized training programs on movements in and out of employment Econometrica 56 3 1988 497 530
4. G. Chamberlain Analysis of covariance with qualitative data Rev. Econ. Stud. 47 1 1980 225 238
5. D.M. Grether, and G.S. Maddala A Time Series Model with Qualitative Variables M. Deistler E. Fürst G. Schwödiauer Games, Economic Dynamics and Time Series Analysis: Symposium in Memoriam of Oskar Morgenstern 1982 Physica-Verlag Cambridge, MA
6. C. Heath, and J.B. Soll Mental accounting and consumer decisions J. Consumer Res. 23 1996 40 52
7. J.A. Herriges, and C.L. Kling Valuing Recreation and the Environment: Revealed Preference Methods in Theory and Practice 1999 Edward Elgar Northampton, MA
8. C. Hsiao Analysis of Panel Data 1986 Cambridge University Cambridge, UK
9. E.R. Morey, R.D. Rowe, and M. Watson A Repeated Nested-Logit Model of Atlantic Salmon Fishing Am. J. Agric. Econ. 75 1993 578 592
10. D.J. Phaneuf, C.L. Kling, and J.A. Herriges Estimation and welfare calculations in a generalized corner solution model with an application to recreation demand Rev. Econ. Stat. 82 1 2000 83 92
11. B. Provencher, and K.A. Baerenklau An exposition of structural estimation of discrete dynamic decision processes R. Scarpa A. Alberini Forthcoming in Applications of Simulation Methods in Environmental and Resource Economics 2005 Kluwer Boston
12. B. Provencher, K.A. Baerenklau, and R.C. Bishop A finite mixture logit model of recreational angling with serially correlated random utility Am. J. Agric. Econ. 84 4 2002 1066 1075
13. B. Provencher, R.C. Bishop, Using static recreation demand models to forecast angler responses to interseasonal changes in catch rates. Forthcoming in Journal of Environmental Economics and Management, 2004.
14. B. Provencher, and R.C. Bishop An estimable dynamic model of recreation behavior with an application to Great Lakes Angling J. Environ. Econ. Manage. 33 1997 107 127
15. D. Read, G. Lowenstein, and M. Rabin Choice bracketing J. Risk Uncertainty 19 1999 171 197
16. J. Swait, W. Adamowicz, and M. van Bueren Choice and temporal welfare impacts: incorporating history into discrete choice models J. Environ. Econ. Manage. 47 1 2004 94 116
17. R.H. Thaler Mental accounting and consumer choice Marketing Sci. 4 1985 199 214
18. R.H. Thaler Anomalies: saving, fungibility, and mental accounts J. Econ. Perspectives 4 1 1990 193 205
19. R.H. Thaler Mental accounting matters J. Behav. Decision Making 12 1999 183 206