Two-Stage Estimation to Control for Unobservables in a Recreation Demand Model with Unvisited Sites

TY - JOUR

T1 - Two-Stage Estimation to Control for Unobservables in a Recreation Demand Model with Unvisited Sites

AU - Melstrom, Richard T.

AU - Jayasekera, Deshamithra H. W.

N1 - The role of unobserved site attributes is a growing concern in recreation demand modeling. One solution in random utility models (RUMs) involves separating estimation into two stages, where the RUM is estimated with alternative specific constants (ASCs) in the first stage, and the estimated ASCs are regressed on the observed site attributes in the second stage.

PY - 2017/1/5

Y1 - 2017/1/5

UR - https://muse.jhu.edu/article/653021/pdf

U2 - 10.3368/le.93.2.328

DO - 10.3368/le.93.2.328

M3 - Article

SN - 1543-8325

VL - 93

JO - Land Economics

JF - Land Economics

IS - 2

ER -