A Repeated Nested‐Logit Model of Atlantic Salmon Fishing
用重复三层嵌套Logit模型分析大西洋鲑鱼垂钓的参与和地点选择，计算消费者剩余，并比较六种旅行成本模型，强调建模参与决策和嵌套结构的重要性。
Abstract Participation and site choice for Atlantic salmon fishing are modeled in the context of a repeated three‐level nested‐logit model. Consumer's surplus measures are derived for different levels of species availability in the Penobscot River, the most important salmon river in New England. For comparison, six other travel‐cost models are estimated. These include restrictive cases of the nested‐logit model, a partial demand model, and two single‐site demand models. Comparisons across these models indicate the importance of modeling the participation decision, including income effects, and of adopting a nested‐logit structure rather than a single‐level logit structure.