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Recreation Demand Models with Taste Differences over People

Train, Kenneth E.·1998·Land Economics

Abstract

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

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Metadata

Authors
Train, K. E.
Venue
Land Economics
Published
1998-05
Volume
74
Issue
2
Pages
230
ISSN
0023-7639 (ISSN-L)
OpenAlex
W2117870569
Cited by
1,048
References
0
FWCI
45.73
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: Recreation Demand Models with Taste Differences over People. https://app.cochat.ai/papers/10.2307/3147053
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Train, K. E. (1998). Recreation Demand Models with Taste Differences over People. Land Economics. https://doi.org/10.2307/3147053

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Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.