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A method to improve consumer surplus estimates from truncated recreation demand data

Creator:

Weidner, Kerri L

Abstract:

A method is presented in this study for improving empirical travel cost analyses when truncated data are available. The analysis expands upon a Monte Carlo study conducted by Riyadi (1993) which compared the coefficient and consumer surplus estimates for five travel cost estimators using both truncated and censored data. Riyadi...

Resource Type:

Masters Thesis

Full Text:

also used to fit a travel cost model to data from a 1989 angler survey. These results were compared to
Monte Carlo study of several methods for estimating linear demand for outdoor recreation from censored and truncated data

Creator:

Riyadi, Dedi M. M. (Dedi M. Masykur)

Abstract:

Objective of this study was to compare accuracy of several travel cost methods, by employing Monte Carlo simulations in the single site framework. Estimates from five methods were compared to the "true" travel cost coefficient and "true" consumer surplus. Each method was ranked, using the root mean squared error (RMSE)...

Resource Type:

Dissertation

Full Text:

ITS USE IN THE TRAVEL COST MODEL STUDIES 48 The Monte Carlo Experiment 48 Previous Monte Carlo