Recreation Demand Models with Taste Differences over People

摘要: We estimate random-parameter logit models of anglers ' choice fishing site. The generalize by allowing coefficients to vary randomly over rather than being fixed. do not exhIbit the restrictive " independence from irrelevant alternatives property and can represent any substitution pattern. Estimation explicitly accounts for fact that variation in induces correlation unobserved utility trips same angler. Willingness-to-pay improved fish stock value specific sites are calculated compared with estimates obtained a standard model.