Melstrom, Richard T.; Lupi, Frank - Agricultural and Applied Economics Association - AAEA - 2013
This paper proposes using a control function to correct for endogeneity in recreation demand models. The control … function approach is contrasted with the method of alternative specific constants (ASCs), which has been promoted in prior …. Using data on Michigan anglers, we employ a random utility model of site choice. We show that either ASCs or the control …