385 research outputs found
Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand
The Kuhn-Tucker model of Wales and Woodland (1983) provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. Due to the complexity of the model, however, there have been few applications in the literature and little attention has been paid to the problems of welfare analysis within the Kuhn-Tucker framework. This paper provides an application of the model to the problem of recreation demand. In addition, we develop and apply a methodology for estimating compensating variation, relying on Monte Carlo integration to derive expected welfare changes.
What's the Use? Welfare Estimates from Revealed Preference Models when Weak Complementarity Does Not Hold
In this paper we consider the theoretical and empirical ramifications of welfare measurement in revealed preference models when weak complementarity does not hold. In the context of a Kuhn-Tucker model of recreation demand we show that, while it is possible to estimate preferences that do not appear to exhibit weak complementarity, the calculation of welfare measurements from these models requires a cardinal interpretation of preferences that cannot be tested. Furthermore, we reiterate the under-appreciated fact that even traditional use value estimates require a cardinal restriction on preferences that, while often intuitive, also cannot be tested. We demonstrate empirically that the choice of restrictions can have significant ramifications, as use value estimates can vary widely based on the assumed preference structure.
Estimation and Welfare Calculation in a Generalized Corner Solution Model with an Application to Recreation Demand
The Kuhn-Tucker model of Wales and Woodland (1983) provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. Due to the complexity of the model, however, there have been few applications in the literature and little attention has been paid to the problems of welfare analysis within the Kuhn-Tucker framework. This paper provides an application of the model to the problem of recreation demand. In addition, we develop and apply a methodology for estimating compensating variation, relying on Monte Carlo integration to derive expected welfare changes
Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand
The Kuhn-Tucker model provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. This paper provides an application of the Kuhn-Tucker model to the problem of recreation demand and site selection, modeling the demand for fishing in the Wisconsin Great Lakes region
What\u27s the Use? Welfare Estimates from Revealed Preference Models When Weak Complementarity Does Not Hold
The focal point of the revealed preference (RP) valuation literature, including recreation demand and random utility maximization (RUM) models, has been on eliciting the “use” value associated with environmental amenities; i.e., that portion of value associated with direct use of a resource. Mäler’s (1974) concept of weak complementarity is typically invoked to justify this focus. Indeed, weak complementarity explicitly or implicitly underlies most of the RP literature. In this paper, we consider the measurement of welfare in RP models when weak complementarity does not hold. In particular, the Kuhn-Tucker (KT) framework (e.g., Phaneuf et al. 2000) does not impose weak complementarity a priori, raising the possibility of rejecting weakly complementary in estimation and the question as to what is the proper welfare measure to report. Although existence value cannot be measured, we argue that in some circumstances there are components of total value outside of use value onto which RP methods may be able to shed light
Single-photon single ionization of W ions: experiment and theory
Experimental and theoretical results are reported for photoionization of
Ta-like (W) tungsten ions. Absolute cross sections were measured in the
energy range 16 to 245 eV employing the photon-ion merged-beam setup at the
Advanced Light Source in Berkeley. Detailed photon-energy scans at 100 meV
bandwidth were performed in the 16 to 108 eV range. In addition, the cross
section was scanned at 50 meV resolution in regions where fine resonance
structures could be observed. Theoretical results were obtained from a
Dirac-Coulomb R-matrix approach. Photoionization cross section calculations
were performed for singly ionized atomic tungsten ions in their , =1/2, ground level and the associated
excited metastable levels with =3/2, 5/2, 7/2 and 9/2. Since the ion beams
used in the experiments must be expected to contain long-lived excited states
also from excited configurations, additional cross-section calculations were
performed for the second-lowest term, 5d^5 \; ^6{\rm S}_{J}, =5/2, and for
the F term, 5d^3 6s^2 \; ^4{\rm F}_{J}, with = 3/2, 5/2, 7/2 and 9/2.
Given the complexity of the electronic structure of W the calculations
reproduce the main features of the experimental cross section quite well.Comment: 23 pages, 7 figures, 1 table: Accepted for publication in J. Phys. B:
At. Mol. & Opt. Phy
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