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Recursos bibliográficos en papel y digitales -
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» Resultado: 2 registros
| Registro 1 de 2 | |
| Autor: | Amoako-Tuffour, Joe - Martínez-Espiñeira, Roberto - |
| Título: | Leisure and the net opportunity cost of travel time in recreation demand analysis: An application to Gros Morne National Park |
| Fuente: | Journal of Applied Economics. v.15, n.1. Universidad del CEMA |
| Páginas: | pp. 25-50 |
| Año: | May 2012 |
| Resumen: | Using count data models that account for zero-truncation, overdispersion, and endogenous stratification, we estimate the value of access to recreational parks. The focus is on the empirical estimation of the proportion of the wage rate that best approximates park visitors’ opportunity cost of travel time within the cost of their trip and its effects on estimated consumer surplus. The fraction of hourly earnings that corresponds to the opportunity cost of travel time is endogenously estimated as a function of visitor characteristics, rather than fixed exogenously. In this case, which deals with a relatively remote recreational site, the relevant opportunity cost of time for most visitors appears to represent a smaller fraction of their wage rate than commonly assumed in previous similar studies. |
| Palabras clave: | RECREACION | PARQUES NACIONALES | VIAJES | DEMANDA | COSTOS | |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
| Registro 2 de 2 | |
| Autor: | Martínez-Espiñeira, Roberto - |
| Título: | An estimation of residential water demand using co-integration and error correction tec hniques |
| Fuente: | Journal of Applied Economics. v.10, n.1. Universidad del CEMA |
| Páginas: | pp. 161-184 |
| Año: | May 2007 |
| Resumen: | In this paper short- and long-run price elasticities of residential water demand are estimated using co-integration and error-correction methods. Unit root tests reveal that water use series and series of other variables affecting use are non-stationary. However, a long-run co-integrating relationship is found in the water demand model, which makes it possible to obtain a partial correction term and to estimate an error correction model. Using monthly time-series observations from Seville, Spain, we find that the price-elasticity of demand is estimated as around -0.1 in the short run and -0.5 in the long run. These results are robust to the use of different specifications. |
| Palabras clave: | ESTIMACIONES | AGUA | UTILIZACION DEL AGUA | ABASTECIMIENTO DE AGUA | DEMANDA | ZONAS RESIDENCIALES | MODELOS ECONOMETRICOS | ANALISIS ECONOMETRICO | PRECIOS | METODOLOGIA | |
| Solicitar por: | HEMEROTECA J + datos de Fuente |
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