Journal ArticleDOI
Discrete/continuous models of consumer demand
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This article is published in Econometrica.The article was published on 1984-05-01. It has received 786 citations till now. The article focuses on the topics: Demand curve.read more
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Estimating Recreation Preferences Using Hedonic Travel Cost and Random Utility Models
TL;DR: In this article, the authors apply the hedonic travel cost model and the discrete choice random utility model to the valuation of recreational site attributes in the Southeastern United States, and demonstrate that the two methods emanate from a similar utility theoretic framework; yet in practice these methods differ in the assumptions made in their appli- cation.
Journal ArticleDOI
A vehicle ownership and utilization choice model with endogenous residential density
David Brownstone,Hao Audrey Fang +1 more
TL;DR: This article explored the impact of residential density on households' vehicle type and usage choices using the 2001 National Household Travel Survey (NHTS) using the Bayesian multivariate ordered probit and tobit model developed in Fang (2008) to treat local residential density as endogenous.
Journal ArticleDOI
A nested demand shares model of artificial marine habitat choice by sport anglers.
TL;DR: In this article, a hierarchical discrete choice model of recreational demand for artificial habitat is presented using a nested multinomial logit analysis of artificial and natural habitat site choice by sport anglers.
Journal ArticleDOI
Empirical strategies for incorporating weak complementarity into consumer demand models
TL;DR: In this article, the authors evaluate three empirical strategies for incorporating weak complementarity into consumer demand models: repackaging, integrating-back, and discontinuity approaches in terms of their behavioral implications and potential usefulness for applied research.
Journal ArticleDOI
Determining the willingness to pay for ecosystem service restoration in a degraded coastal watershed: A ninth grade investigation
Kristina Nicosia,Suhrudh Daaram,Ben Edelman,Lev Gedrich,Eric He,Sarah McNeilly,Vishnu Shenoy,Akhil Velagapudi,Walter Wu,Luna Zhang,Aneri Barvalia,Veena Bokka,Brian Chan,Jennifer Chiu,Sai Dhulipalla,Victoria Hernandez,Jenny Jeon,Pranav Kanukollu,Pearl Kravets,Amrita Mantha,Colin Miranda,Vishan Nigam,Meghnee Patel,Sam Praveen,Thomas Sang,Shruti Upadhyay,Tanvee Varma,Camilla Xu,Bhavish Yalamanchi,Masha Zharova,Allen Zheng,Rashika Verma,James Vasslides,John P. Manderson,Rebecca Jordan,Steven Gray +35 more
TL;DR: In this paper, a high school biology class and a local watershed partnership worked together to design a study to determine the willingness to pay for ecosystem service restoration in a local degraded watershed, with research control given to the teacher and her classroom as part of their in-class honors biology curriculum.
References
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Journal ArticleDOI
Sample Selection Bias as a Specification Error
TL;DR: In this article, the bias that results from using non-randomly selected samples to estimate behavioral relationships as an ordinary specification error or "omitted variables" bias is discussed, and the asymptotic distribution of the estimator is derived.
Journal Article
Modeling the choice of residential location
TL;DR: The problem of translating the theory of economic choice behavior into concrete models suitable for analyzing housing location and methods for controlling the size of data collection and estimation tasks by sampling alternatives from the full set of alternatives are discussed.
Journal ArticleDOI
An Econometric Analysis of Residential Electric Appliance Holdings and Consumption
Jeffrey A. Dubin,Daniel McFadden +1 more
TL;DR: In this paper, the authors used a subsample of the 1975 survey of 3249 households carried out by the Washington Center for Metropolitan Studies (WCMS) for the Federal Energy Administration for the purpose of testing the statistical exogeneity of appliance dummy variables typically included in demand for electricity equations.
Journal ArticleDOI
Urban travel demand - a behavioral analysis
T A Domencich,Daniel McFadden +1 more
TL;DR: In this paper, the authors integrate economic concepts of supply and demand equilibrium for urban activities using the concept of traffic equilibrium within transportation networks and describe the cutting edge in travel demand analysis using the latest methods.