Rationed access and welfare: The case of public resource lotteries
Abbreviated Journal Title
Land Econ.
Keywords
RECREATION DEMAND MODELS; MEASUREMENT ERROR; JOINT ESTIMATION; ECONOMIC; VALUE; CHOICE; SITE; Economics; Environmental Studies
Abstract
Pressures on public lands and waterways are resulting increasingly in the rationing of public access by lottery. Upon accounting for the uncertainties of random rationing, discrete choice models lend themselves to analyzing participation in public resource lotteries and estimating welfare changes. Key to valuing lottery-rationed rights is accounting for changes in access probabilities that result from policy changes. The empirical application models the discrete choices of more than 18, 000 participants in a New Mexico lottery system for elk harvest rights. Welfare estimates are obtained from simulated policy changes that affect, individually and jointly, the access probability and indirect utility.
Journal Title
Land Economics
Volume
79
Issue/Number
2
Publication Date
1-1-2003
Document Type
Article; Proceedings Paper
DOI Link
Language
English
First Page
137
Last Page
148
WOS Identifier
ISSN
0023-7639
Recommended Citation
"Rationed access and welfare: The case of public resource lotteries" (2003). Faculty Bibliography 2000s. 4011.
https://stars.library.ucf.edu/facultybib2000/4011