Functional Form and Welfare Measures in Truncated Recreation Demand Models
研究函数形式选择和样本截断对福利测度的影响，开发了截断广义Box-Cox模型来区分不同截断函数形式，并应用于德克萨斯州三个沿海休闲场所的价值评估。
Abstract This article examines the effect on welfare measures of functional form choice and sample truncation. A truncated general Box‐Cox model is developed for discriminating between alternative truncated functional forms. The model is applied to the valuation of three Texas coastal recreation sites. Neither the truncated double‐log nor the truncated semilog forms are appropriate for the truncated data used in the empirical analysis. Different functional forms yield different consumer's surplus estimates when samples are truncated.