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

Richard T. Melstrom; Deshamithra H. W. Jayasekera

doi:10.3368/le.93.2.328

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

Richard T. Melstrom
, Deshamithra H. W. Jayasekera

Oklahoma State University–Stillwater

Research output: Contribution to journal › Article › peer-review

Original language	American English
Journal	Land Economics
Volume	93
Issue number	2
DOIs	https://doi.org/10.3368/le.93.2.328
State	Published - Jan 5 2017
Externally published	Yes

Disciplines

Economics
Econometrics

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10.3368/le.93.2.328License: Unspecified

Cite this

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

author = "Melstrom, \{Richard T.\} and Jayasekera, \{Deshamithra H. W.\}",

note = "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.",

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month = jan,

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doi = "10.3368/le.93.2.328",

language = "American English",

volume = "93",

journal = "Land Economics",

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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 -

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

Disciplines

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