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 - Downloadable! The role of unobserved site attributes is a growing concern in recreation demand modeling. One solution in random utility models (RUM) involves separating estimation into two stages, where the RUM model 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 - 2016/1/1

Y1 - 2016/1/1

UR - https://ideas.repec.org/p/ags/aaea16/236252.html

M3 - Article

JO - Default journal

JF - Default journal

ER -