| Home > American Agricultural Economics Association (AAEA) > 1992 Annual Meeting, August 9-12, Baltimore, Maryland > 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.
