Multivariate count data regression models with individual panel data from an on-site sample

Egan, Kevin J.; Herriges, Joseph A.

doi:10.1016/j.jeem.2006.03.002

Cited by 59 publications

(75 citation statements)

References 25 publications

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“…Therefore, our model specification includes a dummy variable representing those observations elicited using our stated preference methodology. This allows our model to account for and measure any hypothetical bias that might be present in the stated preference trip counts (Egan and Herriges 2006;Whitehead 2005). …”

Section: Conceptual Frameworkmentioning

confidence: 99%

“…Overall, the strengths of both approaches can be exploited through joint estimation of RP/SP data. Essentially, joint estimation has the advantage of allowing the measurement of preferences outside of an individual's historical experience while anchoring the stated preference responses to actual behavior (Rosenberg and Loomis 1999;Grijalva et al 2002;Whitehead 2005;Egan and Herriges 2006). Our RP/SP approach enables us to not only measure the effect of a future deployment of a large ship artificial reef on diving behavior, but also to consider the deployment effect under two different sinking depth scenarios to investigate whether, from a policy perspective, deployment depth is an influential component of diving demand.…”

Section: Introductionmentioning

confidence: 99%

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Artificial Reef Attributes and The Relationship With Natural Reefs: Evidence From The Florida Keys

Huth¹,

Morgan²,

Hindsley³

2015

Journal of Ocean and Coastal Economics

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Natural or coral reefs represent extremely valuable ecosystems supporting an estimated 25 percent of all marine life, yet recent reports suggest that 75 percent of the world's natural reefs are under threat from both natural and human stressors. In areas such as the Florida Keys that boasts an expansive mix of natural and artificial reefs, recreational diving on the system provides an important economic contribution to the local community but also potentially contributes to the stress of the existing natural reef system. We develop a revealed and stated preference modeling framework of diver behavior and find that deployment of an additional large ship reef increases overall diving activity but does not impact diving behavior on the natural reef system.

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Section: Conceptual Frameworkmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Artificial Reef Attributes and The Relationship With Natural Reefs: Evidence From The Florida Keys

Huth¹,

Morgan²,

Hindsley³

2015

Journal of Ocean and Coastal Economics

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“…The recreation analysis shown uses a transferable trip generation function to estimate the number of visits which would occur if a forest was created in a given location and a separate meta-analysis to estimate per-visit values (with aggregate values being given by multiplying per-visit values by the estimated number of visits). For a superior RUM approach to travel cost analysis see Herriges et al (2004), Egan and Herriges (2006) and Bateman et al (2010c). shadow values is in sharp contrast with the actual distribution of forests as illustrated in the final map. The latter is driven by market forces alone and hence ignores the carbon storage and recreation values instead being driven solely by the market values of agriculture (the left hand panel of Fig.…”

Section: Figmentioning

confidence: 99%

Economic Analysis for Ecosystem Service Assessments

Bateman

Mace

Fezzi

et al. 2010

Environ Resource Econ

471

227

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The paper seeks to contribute to the expanding literature on ecosystem service assessment by considering its integration with economic analyses of such services. Focussing upon analyses for future orientated policy and decision making, we initially consider a single period during which ecological stocks are maintained at sustainable levels. The flow of ecosystems services and their contribution to welfare bearing goods is considered and methods for valuing resultant benefits are reviewed and illustrated via a case study of land use change. We then broaden our time horizon to discuss the treatment of future costs and benefits. Finally we relax our sustainability assumption and consider economic approaches to the incorporation of depleting ecological assets with a particular focus upon stocks which exhibit thresholds below which restoration is compromised.

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“…If these random components are allowed to be correlated across equations, the net result is a mixed count model that allows correlation across outcomes. Such a model can be estimated using classical or Bayesian simulation techniques (Egan andHerriges, 2006, Chib andWinkelmann, 2001). An important problem with this approach, however, is that the use of the Poisson or negative binomial distribution as the underlying kernel for mixing restricts "the amount of probability mass that can be accommodated at any one point" (see Herriges et al, 2008).…”

Section: Introductionmentioning

confidence: 99%

A multivariate ordered-response model system for adults’ weekday activity episode generation by activity purpose and social context

Ferdous

Eluru

Bhat

et al. 2010

Transportation Research Part B: Methodological

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This paper proposes a multivariate ordered response system framework to model the interactions in non-work activity episode decisions across household and non-household members at the level of activity generation. Such interactions in activity decisions across household and nonhousehold members are important to consider for accurate activity-travel pattern modeling and policy evaluation. The econometric challenge in estimating a multivariate ordered-response system with a large number of categories is that traditional classical and Bayesian simulation techniques become saddled with convergence problems and imprecision in estimates, and they are also extremely cumbersome if not impractical to implement. We address this estimation problem by resorting to the technique of composite marginal likelihood (CML), an emerging inference approach in the statistics field that is based on the classical frequentist approach, is very simple to estimate, is easy to implement regardless of the number of count outcomes to be modeled jointly, and requires no simulation machinery whatsoever.

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Multivariate count data regression models with individual panel data from an on-site sample

Cited by 59 publications

References 25 publications

Artificial Reef Attributes and The Relationship With Natural Reefs: Evidence From The Florida Keys

Artificial Reef Attributes and The Relationship With Natural Reefs: Evidence From The Florida Keys

Economic Analysis for Ecosystem Service Assessments

A multivariate ordered-response model system for adults’ weekday activity episode generation by activity purpose and social context

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