Simultaneous estimation of jointly dependent recreation participation function

The purpose of this paper is to develop and estimate a simultaneous model of recreation participation. The logic of the model is that participation in one activity (for example, boating) is influenced by and influences participation in other activities (for example, fishing). For the empirical part...

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Bibliographic Details
Published in:Journal of environmental economics and management 1980-01, Vol.7 (1), p.65-76
Main Authors: Caswell, Margriet F, McConnell, Kenneth E
Format: Article
Language:English
Subjects:
Decision making
Economic models
Economics
Forecasts
mathematics and statistics
Participation
Recreation
rural development
rural economics
Simultaneous
Statistical analysis
Studies
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Summary:The purpose of this paper is to develop and estimate a simultaneous model of recreation participation. The logic of the model is that participation in one activity (for example, boating) is influenced by and influences participation in other activities (for example, fishing). For the empirical part of our paper we have used the simultaneous logit model developed by P. Schmidt and R. P. Strauss ( Econometrics 43, 745–755, 1975). For the application, we have applied the simultaneous logit model to participation in summer recreational activities in Rhode Island. Our results show that simultaneous equation models tend to forecast better, but that the specification bias from excluding the endogenous variables tends to be small.
ISSN:0095-0696
1096-0449
DOI:10.1016/0095-0696(80)90022-4