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.

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Year of publication:	1998-07
Authors:	Kling, Catherine Louise ; Phaneuf, Daniel J. ; Herriges, Joseph A.
Institutions:	Center for Agricultural and Rural Development (CARD), Iowa State University

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Extent:	application/pdf text/html
Series:	Center for Agricultural and Rural Development (CARD) Publications.
Type of publication:	Book / Working Paper
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005786296