Is Outdoor Recreation a Giffen Good?

Time-intensive goods like outdoor recreation are likely candidates for Giffen behavior when money price changes. For choices with binding money and time constraints, observable conditions for a good to be Giffen are developed. Model specifications and omitted variable biases are likely reasons why no Giffen recreation goods have been found.


Issue Date:
Aug 09 1992
Publication Type:
Conference Paper/ Presentation
Record Identifier:
http://ageconsearch.umn.edu/record/271390
Language:
English
Total Pages:
15




 Record created 2018-04-13, last modified 2018-04-13

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