Identifying Nonrational Behavior in Recreation Demand Models

Nunes,  Luis Catela; Cunha-e-Sá, Maria A.; Ducla-Soares, Maria Manuela; Rosado, Márcia A.; Day, Brett

http://hdl.handle.net/10362/89133

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Autores

Nunes, Luis Catela

Cunha-e-Sá, Maria A.

Ducla-Soares, Maria Manuela

Rosado, Márcia A.

Day, Brett

Resumo(s)

In the context of an estimated RPL (Random Parameters Logit) choice model of recreational demand for the game reserves of the KwaZulu-Natal province in South Africa, a test on the existence of an underlying rational preference structure is presented. The proposed procedure allows to identify nonrational behavior in the sample. Using two different data sets extracted from the original data base, we show that by improving the data, apparent nonrationality can be eliminated and welfare analysis may be safely conducted.

Palavras-chave

Discrete choice data Conditional indirect utility function Rational/nonrational choice behavior

URI

http://hdl.handle.net/10362/89133

Citação

Nunes, Luis C., Cunha-e-Sá, Maria, Ducla-Soares, Maria, Rosado, Márcia A. and Day, Brett, Identifying Nonrational Behavior in Recreation Demand Models (March, 1999). FEUNL Working Paper Series No. 338

Editora

Nova SBE

Coleções

NSBE - Working Paper Series

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