Combining Farrell Frontier and Hedonic Travel Cost Models for Valuing Estuarine Quality.

A-Tier
Journal: Review of Economics and Statistics
Year: 1991
Volume: 73
Issue: 4
Pages: 694-99

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper extends the Brown-Mendelsohn hedonic travel cost model by estimating the travel cost function for each recreationist as a technically efficient frontier. It also constrains the marginal prices for desirable characteristics to be nonnegative. The model is used to value improvements in the quality of sport fishing in the Albemarle-Pamlico Estuary in North Carolina. The application compares the performance of the frontier hedonic travel cost with ordinary least squares estimates, and finds the former to be free of problems identified in the literature and to provide more plausible and robust benefit estimates for quality improvements. Copyright 1991 by MIT Press.

Technical Details

RePEc Handle
repec:tpr:restat:v:73:y:1991:i:4:p:694-99
Journal Field
General
Author Count
3
Added to Database
2026-01-25