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.


Issue Date:
1999
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/21629
PURL Identifier:
http://purl.umn.edu/21629
Total Pages:
17
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2018-01-22

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