Abstract
Backcountry hikers' willingness-to-pay for removing grazing from trails in the Hoover Wilderness is analyzed using a multinomial Dirichlet negative binomial distribution. This multivariate discrete distribution allows the direct calculation of seasonal welfare measures that are derived from an incomplete demand specification. The welfare maximizing choice of activities is examined on a trail-by-trail basis using the results of the analysis. Our findings suggest that a mix of hiking and grazing activities provide the greatest social welfare.
Original language | English (US) |
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Pages (from-to) | 302-313 |
Number of pages | 12 |
Journal | American Journal of Agricultural Economics |
Volume | 87 |
Issue number | 2 |
DOIs | |
State | Published - May 2005 |
Externally published | Yes |
Keywords
- Grazing
- Incomplete demand system
- Multinomial Dirichlet
- Multivariate counts
- Negative binomial
- Public lands
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics