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BLS Working Papers: Modeling Consumer Demand for a... - a book by von Haefen, Roger

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

BLS Working Papers: Modeling Consumer Demand for a Large Set of Quality Differentiated Goods: Estimation and Welfare Results from a Systems Approach( )
Author: von Haefen, Roger
ISBN:978-1-4912-5812-5
Publication Date:Aug 2013
Publisher:CreateSpace Independent Publishing Platform
Book Format:Paperback
List Price:USD $15.99
Book Description:

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...
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Book Details
Pages:40
Physical Dimensions (W X L X H):8.5 x 11 x 0.1 Inches
Book Weight:0.34 Pounds

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