Accounting for choice set endogeneity in random utility models of recreation demand

Authors :: Haab, Timothy C.
Hicks, Robert L.
Source :: Journal of Environmental Economics and Management. Oct, 1997, Vol. 34 Issue 2, p127, 21 p.
Publication Year :: 1997
Abstract: An endogenous choice set model is presented to assess the random utility model by forecasting which substitutes of a conventionally defined choice set are significant to individuals. Results from the analysis of examples reveals that a defined choice set in recreation site decision models may have a significant effect on parameter and compensating variation models.

Subjects :: Utility theory -- Models
Recreation -- Models
Decision-making -- Research
Economics
Environmental services industry

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