A Dual Approach to Modeling Corner Solutions in Recreation Demand
نویسنده
چکیده
The dual approach of Lee and Pitt to estimating demand systems for which individuals often choose not to consume one or more of the available goods provides a utility-consistent framework for estimating preferences over visits to recreation sites. Because of the complexity of the model, however, this approach has not been applied in the recreation dernand literature. This paper provides the first application of the model to recreation demand and develops a methodology for conducting welfare analysis, relying on Monte Carlo integration to derive estimates of compensating variation. The methods are applied to the demand for fishing in the Wisconsin Great Lakes region. o 1999 Academic Press
منابع مشابه
Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand
The Kuhn-Tucker model provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. This paper provides an application of the Kuhn-Tucker model to the problem of recreation demand and site selection, modeling the demand for fishing in the Wisconsin Great Lakes region. Disciplines Agricultural and Resource...
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