Article contents
Aggregation in Recreation Economics: Issues of Estimation and Benefit Measurement
Published online by Cambridge University Press: 10 May 2017
Extract
Problems of aggregation plague applications of microeconomics. The theory is derived from postulates of behavior of individuals, but we often have data only for groups of individuals. The economics of outdoor recreation is no exception. This paper addresses the aggregation issue for estimating the demand for outdoor recreation. What are the estimation and welfare implications of using individual vs. aggregated observations, if the latter is all we have?
- Type
- AAEA/NAREA Invited Session: Measuring the Economic Value of Outdoor Recreation and Other Environmental Amenities
- Information
- Northeastern Journal of Agricultural and Resource Economics , Volume 13 , Issue 2 , October 1984 , pp. 181 - 186
- Copyright
- Copyright © 1984 Northeastern Agricultural and Resource Economics Association
Footnotes
Scientific Article No. A-1234, Contribution No. 1234 of the Maryland Agricultural Experiment Station.
References
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