Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand

Date
1998-07-01
Authors
Phaneuf, Daniel
Kling, Catherine
Kling, Catherine
Herriges, Joseph
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Altmetrics
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Center for Agricultural and Rural Development
Abstract

The Kuhn-Tucker model provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. This paper provides an application of the Kuhn-Tucker model to the problem of recreation demand and site selection, modeling the demand for fishing in the Wisconsin Great Lakes region.

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