Measurement Error in Recreation Demand Models: The Joint Estimation of Participation, Site Choice, and Site Characteristics

摘要

In the demand for recreational fishing sites, an important explanatory variable differentiat- ing sites is the unobaserved expected catch rate. Since the observed catch rate is subject to sampling variability, using the average of a Site's observed catch rates causes the parameter estimator on catch to be biased downward. We develop and demonstrate a solution to tis errors-in-variables problem when there are repeated measurements on the catch rate.