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Title Team member names
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Purpose Describe the purpose of the study (to estimate the value of blankety blank, etc)
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Theory A demand curve with trips on the horizontal axis and travel costs on the vertical, shift demand, define consumer surplus etc.
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Methods How did you collect your data? Describe the valuation methods/questions used
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Data Number of observations Descriptive statistics (mean, min, max, standard deviation)
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More Data Continue the previous slide
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Statistical Results Discuss your statistical model with numbers
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Graphical Results If you can, graph your statistical model
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Consumer Surplus If you estimated a TCM model your average consumer surplus is equal to the following Linear model: CS = -x 2 /2b Semi-log model: CS = -x/b Double-log model: –If b < -1: CS = -(P x Q)/(b + 1) –If b > -1: CS = [1/(b + 1)] x [max(P) x min(Q) – PQ]
![Consumer Surplus If you estimated a TCM model your average consumer surplus is equal to the following Linear model: CS = -x 2 /2b Semi-log model: CS = -x/b Double-log model: –If b < -1: CS = -(P x Q)/(b + 1) –If b > -1: CS = [1/(b + 1)] x [max(P) x min(Q) – PQ]](http://images.slideplayer.com/30/9508880/slides/slide_9.jpg "Consumer Surplus If you estimated a TCM model your average consumer surplus is equal to the following Linear model: CS = -x 2 /2b Semi-log model: CS = -x/b Double-log model: –If b < -1: CS = -(P x Q)/(b + 1) –If b > -1: CS = [1/(b + 1)] x [max(P) x min(Q) – PQ]")
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Conclusions Tell us what you learned from this project
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