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

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
Softcover
ISBN 10: 1491258128 ISBN 13: 9781491258125
Publisher: 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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Publisher
CreateSpace Independent Publishing Platform
Publication date
2013
Language
English
ISBN 10 
1491258128
ISBN 13 
9781491258125
Binding
Paperback
Number of pages
40

Other Popular Editions of the Same Title

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

Featured Edition

ISBN 10:  1288632304 ISBN 13:  9781288632305
Publisher: BiblioGov, 2013
Softcover