Comparison of Discrete Choice Models for Economic Environmental Research

Autor:	Iva Pecáková, Ondřej Vojáček
Rok vydání:	2010
Předmět:	Economics and Econometrics Choice set Discrete choice Empirical data Actuarial science Random utility theory media_common.quotation_subject Environmental research Public good Value (economics) Econometrics Economics Quality (business) Finance media_common
Zdroj:	Prague Economic Papers. 19:35-53
ISSN:	2336-730X 1210-0455
DOI:	10.18267/j.pep.363
Popis:	In the paper the discrete choice models are discussed and applied based on empirical data. The main goal of the paper is to find out whether the various discrete choice models provide the analyst with the robust and reliable estimates of values of natural goods or values of changed quality of such goods. Our results indicate that the yielded value estimates using the choice experiment method and discrete choice models are applicable in expert support of decision-making on allocation of public resources to such goods, because they are stable and robust. These issues are investigated for the marginal willingness of Czech visitors to the Macha Lake beaches to pay for the water quality and beach characteristics.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::07b21d4536f7f0ec5283369e5930696d https://doi.org/10.18267/j.pep.363 Zobrazit plný text záznamu