What have we learned since hotelling's letter?. A meta-analysis

V. Kerry Smith, Yoshiaki Kaoru

Research output: Contribution to journalArticle

43 Scopus citations

Abstract

This paper reports the results of a meta-analysis of the estimates of the price elasticity of demand for recreation sites using the travel cost method. By using econometric methods to summarize empirical literature, meta-analysis assists in identifying research conclusions despite the non-experimental nature of most empirical research in economics. In this application, the results suggest that modeling decisions based on theory, as well as those relying on fitting criteria, were important influences to the estimated price elasticities across studies.

Original languageEnglish (US)
Pages (from-to)277-281
Number of pages5
JournalEconomics Letters
Volume32
Issue number3
DOIs
StatePublished - Mar 1990

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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