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Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand
CARD Working Papers
Publication Date
7-1-1998
Series Number
99-WP 207
Abstract
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.
Publication Information
This paper was published as Phaneuf, Daniel J., Catherine L. Kling and Joseph A. Herriges, "Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand," The Review of Economics and Statistics 82 (2000): 83–92, doi:10.1162/003465300558650.
Disciplines
Citation Information
Daniel J. Phaneuf, Catherine L. Kling and Joseph A. Herriges. "Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand" (1998) Available at: http://works.bepress.com/catherine_kling/16/