A Bayesian variable selection procedure is used to control for uncertainty in thespecication of a recreational demand model. In contrast to comparing models basedon the likelihood values with unknown sampling properties (as in, e.g., Egan et al,2009), we propose a model that draws on the...

In order to reduce obesity and associated costs, policymakers are considering variouspolicies, including taxes, to change consumers’ high-calorie consumption habits. We investigatetwo tax policies aimed at reducing added sweetener consumption. Both a consumption tax onsweet goods and a...

A commonly observed feature of visitation data, elicited via a survey instrument, is a greaterpropensity for individuals to report trip numbers that are multiples of 5's, relative to otherpossible integers (such as 3 or 6). One explanation of this phenomenon is that some surveyrespondents have...

Random Utility Maximization (RUM) models of recreation demand are typically plaguedby limited information on environmental and other attributes characterizing the available sitesin the choice set. To the extent that these unobserved site attributes are correlated with theobserved characteristics...

In this study, we regard the oligopolistic-oligopsonistic markets within the framework of a“double auction” in which both buyers and sellers make bids. To this end, we introduce gameswhere declarations of supply and demand functions (which need not be true) are treated asstrategic variables...

Students in majors with higher average quantitative GRE scores are less likely to attend graduate school whilestudents in majors with higher average verbal GRE scores are more likely to attend graduate school. This sortingeffect means that students whose cognitive skills are associated with...

This paper examines the aggregate demand for inputs, including housework and otherservices, used by the US household sector to produce home goods that directly provide them utilityover the post-World War II period. By assuming that households produce a commodity called homegoods and that...

This paper applies production theory to define a new set of inputs for U.S. households over the post-World War II period and uses newly constructed data on some of these inputs to fit a completehousehold-demand system, including inputs of women’s and men’s housework, and seven other...

Recreation demand models typically incorporate measures of the physical attributes of recreational sites; e.g., Secchi depth or phosphorous levels in case of water quality. Moreover, most studies show that individuals do respond to these physical characteristics in choosing where to recreate....