Title
Lottery-rationed public access under alternative tariff arrangements: changes in quality, quantity, and expected utility
Abbreviated Journal Title
J.Environ.Econ.Manage.
Keywords
access; lotteries; quotas; tariffs; recreation demand; nested; multinomial logit; MODELS; WELFARE; CONGESTION; RECREATION; DEMAND; Business; Economics; Environmental Studies
Abstract
A recent phenomenon is the emergence of quotas restricting individual access to public resources. As regulators commonly ration access opportunities by lottery, this paper extends the traditional, open access destination choice framework for non-market demand and welfare analysis. Conceptual results for one-and two-part tariff lotteries indicate that individuals may sustain welfare losses from improvements in quality or increases in the quota if aggregate demand is sufficiently responsive relative to individual utility. Nested random expected utility models (REUMs) are estimated with a panel dataset of individual choices of lottery-rationed harvest rights for wild game. Empirical results indicate that the types and timing of tariff payments affect participation, choices over rationed and open access alternatives and the benefits derived from changes in the quality and quantity of the lottery-rationed access opportunities. (c) 2004 Elsevier Inc. All rights reserved.
Journal Title
Journal of Environmental Economics and Management
Volume
50
Issue/Number
1
Publication Date
1-1-2005
Document Type
Article
Language
English
First Page
189
Last Page
211
WOS Identifier
ISSN
0095-0696
Recommended Citation
"Lottery-rationed public access under alternative tariff arrangements: changes in quality, quantity, and expected utility" (2005). Faculty Bibliography 2000s. 5649.
https://stars.library.ucf.edu/facultybib2000/5649
Comments
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