A HETEROSKEDASTIC NESTED RUM OF FRESHWATER FISHING

Abstract

Choice set definition can be viewed as a nesting issue. Although the behavioral basis for grouping sites into nests is not well understood, one reason for grouping alternatives into nests may be the likelihood that they are "in" or "out" of an individual's choice set. However, a problem with using nests to evaluate choice set issues is that the researcher typically needs to impose the same nesting structure on all individuals and trips. Such an approach assumes that the degree of correlation among the alternatives does not vary across the sample. This paper develops and tests a more flexible nesting structure that allows the parameters on the inclusive values to vary systematically based on the sample demographics.Resource /Energy Economics and Policy,