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Aggregation in Recreation Economics: Issues of Estimation and Benefit Measurement

Published online by Cambridge University Press:  10 May 2017

K. E. McConnell  and
N. E. Bockstael
K. E. McConnell
Affiliation:
Agricultural and Resource Economics, University of Maryland
N. E. Bockstael
Affiliation:
Agricultural and Resource Economics, University of Maryland
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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 

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Footnotes

Scientific Article No. A-1234, Contribution No. 1234 of the Maryland Agricultural Experiment Station.

References

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