EMPIRICAL SPECIFICATION REQUIREMENTS FOR TWO-CONSTRAINT MODELS OF RECREATION DEMAND

Theoretical restrictions implied by the two-constraint recreation demand model are developed. The structure necessary to specify empirical models shows that most current models of recreation incorporate time in a manner inconsistent with theory. Results are applicable to all recreationists and are particularly useful to those with endogenous marginal values of time.

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Year of publication:	1999
Authors:	Larson, Douglas M. ; Shaikh, Sabina L.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Research Methods/ Statistical Methods \| Resource /Energy Economics and Policy

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Extent:	application/pdf
Series:	1999 Annual meeting, August 8-11, Nashville, TN.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1999 Annual meeting, August 8-11, Nashville, TN Number 21629
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005525948