annotated bibliography of fisheries economics literature - Office of ...

travel demand and sheds light on some currently unresolved empirical questions
on the determinants of travel behavior.
McFadden, Daniel (1976). "Quantal Choice Analysis: A Survey." Annals of
Economic and Social Measurement, 5(4):363-390.
This article surveys quantal choice analysis, focusing on derived
selection probabilities, revealed choice models, and the Luce Model.
Statistical analysis of selection probabilities is examined from the
standpoint of functional forms, methods for estimation and inference, and
extensions of the statistical choice problem. Particular attention is given
to multivariate choice, separability, and independence, and unsolved problems
are discussed. The survey concludes with some economic applications of these
choice models.
McFadden, D. (1978). "Modeling the choice of residential location." in
Spatial interaction theory and planning models. Edited by A.
Karlqvist, et al. Amsterdam: North-Holland, pp. 75-96.
A person chooses a community to live in and a type of dwelling to live
in creating a two step estimation process; i.e. the probability of choosing a
dwelling type given the choice of community. The independence from irrelevant
alternatives problem is treated by McFadden's standard Generalized Extreme
Value model by setting the correlations among the utilities associated with
similar alternatives (Ã s ) to a constant. A fewer number of parameters can be
estimated more efficiently, but the true correlation structure may be more
complex than is represented by this simple solution.
McFadden, Daniel (1987). "Regression-Based Specification Tests for the
Multinomial Logit Model." Journal of Econometrics, 34:63-82.
Diagnostic tests for omitted variables or functional misspecification in
the multinomial logit (MNL) model can be performed conveniently by testing the
significance of auxiliary regressions of residuals on included and excluded
variables. In particular, Lagrange Multiplier (LM) and Hausman-McFadden (HM)
tests of the Independence from Irrelevant Alternatives (IIA) Property on the
MNL model can be carried out by the regression method using suitably defined
excluded variables. Using this method, it is straightforward to test jointly
against several sources of misspecification and to diagnose the structure of
deviations from the MNL model.
McFadden, Daniel (1994). "Contingent Valuation and Social Choice."
American Journal of Agricultural Economics, 76(4):689-708.
The contingent valuation method for estimating the existence value of
natural resources is examined for psychophysical robustness, statistical
reliability, and economic sensibility. Extensions of standard models for
willingness to pay, and suitable econometric techniques for analyzing these
models, are developed. The analysis is applied to a series of experiments on
the value of preserving wilderness areas in the western United States. The
results call into question the reliability of the CV method for estimating
existence values.
McFadden, Daniel and Fred Reid (1974). "Aggregate Travel Demand
Forecasting From Disaggregated Behavioral Models." Working Paper
No. 228, Institute of Urban & Regional Development, University of
California, Berkeley.
Aggregate and disaggregate travel demand models have a common foundation
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