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THREE ECONOMETRIC APPLICATIONS OF NON-MARKET VALUATION

Yeh, Chia-Yu
http://rave.ohiolink.edu/etdc/view?acc_num=osu1037827614

Abstract Details

2002, Doctor of Philosophy, Ohio State University, Agricultural, Environmental and Development Economics.
This study explores the value of several important environmental resources: multiple-day beach recreation, state park amenities, and the information conveyance of the risk from seafood consumption. The focus is on resource issues important to the Lake Erie region in Ohio. Three alternative estimation techniques are developed and applied to non-market valuation questions. The first research adopts a random utility model (RUM) to compare single- and multiple-day values for visiting Lake Erie beaches in Ohio. Low correlation across visitors in the two categories supports separate models for single- and multiple-day trips. The results suggest that multiple-day visitors would gain substantially more per trip from a reduction in water quality advisories. The second research applies the hedonic travel costs method (HTC) to estimate the values of amenities at Ohio state parks. Four years of data are used and amenity values are compared over time. The estimates applied to Lake Erie suggest that water-based activities are highly valued and increasingly valued over time. The third research applies the contingent valuation method (CVM) to investigate the magnitude of impact that risk information has on the demand for seafood in the Mid-Atlantic region. A joint model of risk perception and seafood demand is estimated by developed methods to consistently estimate the model involving an endogeneity relationship between the two sets of behavior.
Brent Sohngen (Advisor)
147 p.
Economics, Agricultural
Non-Market Valuation; Recreation Demand; Food Safety; Random Utility Model; Hedonic Travel Cost Method; Contingent Valuation Method

Recommended Citations

Citations

  • Yeh, C.-Y. (2002). THREE ECONOMETRIC APPLICATIONS OF NON-MARKET VALUATION [Doctoral dissertation, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1037827614

    APA Style (7th edition)

  • Yeh, Chia-Yu. THREE ECONOMETRIC APPLICATIONS OF NON-MARKET VALUATION. 2002. Ohio State University, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1037827614.

    MLA Style (8th edition)

  • Yeh, Chia-Yu. "THREE ECONOMETRIC APPLICATIONS OF NON-MARKET VALUATION." Doctoral dissertation, Ohio State University, 2002. http://rave.ohiolink.edu/etdc/view?acc_num=osu1037827614

    Chicago Manual of Style (17th edition)

osu1037827614
1,169
© 2002, all rights reserved.
This open access ETD is published by The Ohio State University and OhioLINK.