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Discussion of Morey and Waldman's 'measurement error in recreation demand models'

Publication ,  Journal Article
Train, K; McFadden, D; Johnson, R
Published in: Journal of Environmental Economics and Management
January 1, 2000

Morey and Waldman have proposed a method for handling measurement error in site attributes, such as catch rates in models of anglers' choice of fishing sites. We discuss the properties of this method and compare these properties with those of the standard estimation procedure. We show that (i) both methods are biased and (ii) the standard procedure is consistent whenever Morey and Waldman's procedure is consistent, as well as under more general conditions. In particular, Morey and Waldman's procedure is inconsistent if any site attributes are omitted from the model, whereas the standard procedure is consistent in the presence of omitted site attributes, as long as the impact of these attributes on the dependent variable is uncorrelated with included variables (a condition shared by all regression models). (C) 2000 Academic Press.

Duke Scholars

Published In

Journal of Environmental Economics and Management

DOI

ISSN

0095-0696

Publication Date

January 1, 2000

Volume

40

Issue

1

Start / End Page

76 / 81

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management
 

Citation

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Train, K., McFadden, D., & Johnson, R. (2000). Discussion of Morey and Waldman's 'measurement error in recreation demand models'. Journal of Environmental Economics and Management, 40(1), 76–81. https://doi.org/10.1006/jeem.1999.1084
Train, K., D. McFadden, and R. Johnson. “Discussion of Morey and Waldman's 'measurement error in recreation demand models'.” Journal of Environmental Economics and Management 40, no. 1 (January 1, 2000): 76–81. https://doi.org/10.1006/jeem.1999.1084.
Train K, McFadden D, Johnson R. Discussion of Morey and Waldman's 'measurement error in recreation demand models'. Journal of Environmental Economics and Management. 2000 Jan 1;40(1):76–81.
Train, K., et al. “Discussion of Morey and Waldman's 'measurement error in recreation demand models'.” Journal of Environmental Economics and Management, vol. 40, no. 1, Jan. 2000, pp. 76–81. Scopus, doi:10.1006/jeem.1999.1084.
Train K, McFadden D, Johnson R. Discussion of Morey and Waldman's 'measurement error in recreation demand models'. Journal of Environmental Economics and Management. 2000 Jan 1;40(1):76–81.
Journal cover image

Published In

Journal of Environmental Economics and Management

DOI

ISSN

0095-0696

Publication Date

January 1, 2000

Volume

40

Issue

1

Start / End Page

76 / 81

Related Subject Headings

  • Agricultural Economics & Policy
  • 3801 Applied economics
  • 1402 Applied Economics
  • 1401 Economic Theory
  • 0502 Environmental Science and Management