Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand
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
Kling, Catherine
Kling, Catherine
Herriges, Joseph
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Kling, Catherine
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Center for Agricultural and Rural Development
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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.