BLS Working Papers: Modeling Consumer Demand for a Large Set of Quality Differentiated Goods: Estimation and Welfare Results from a Systems Approach - Couverture souple

Von Haefen, Roger H

 
9781491258125: BLS Working Papers: Modeling Consumer Demand for a Large Set of Quality Differentiated Goods: Estimation and Welfare Results from a Systems Approach
Couverture souple
ISBN 10 : 1491258128 ISBN 13 : 9781491258125
Editeur : CreateSpace Independent Publishing Platform, 2013

Synopsis

In this paper we develop a demand system approach for estimating preferences for an arbitrarily large set of quality differentiated goods at the individual or household level. We apply the model to an outdoor recreation data set consisting of day trips to 62 beaches in the Mid- Atlantic region and analyze the welfare effects of changes in beach characteristics and availability. Interest in the value of beach recreation opportunities arises from policy makers’ need to assess the merits of beach nourishment programs and to measure the damages resulting from acute environmental accidents that impact beach availability. The Hicksian consumer surplus estimates reported in this paper address these issues and represent the first welfare measures derived from a theoretically consistent demand system model that accounts for interior and corner solutions and accommodates a large set of quality differentiated goods.

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Éditeur
CreateSpace Independent Publishing Platform
Date d'édition
2013
Langue
anglais
ISBN 10 
1491258128
ISBN 13 
9781491258125
Reliure
Broché
Nombre de pages
40
Coordonnées du fabricant
non disponible
Personne responsable
non disponible

Autres éditions populaires du même titre

9781288632305: Modeling Consumer Demand for a Large Set of Quality Differentiated Goods: Estimation and Welfare Results from a Systems Approach

Edition présentée

ISBN 10 :  1288632304 ISBN 13 :  9781288632305
Couverture souple