Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand
نویسندگان
چکیده
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. Disciplines Agricultural and Resource Economics | Public Economics | Regional Economics This article is available at Iowa State University Digital Repository: http://lib.dr.iastate.edu/card_workingpapers/218 ESTIMATION AND WELFARE CALCULATIONS IN A GENERALIZED CORNER SOLUTION MODEL WITH AN APPLICATION TO RECREATION DEMAND
منابع مشابه
Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation
The Kuhn-Tucker model of Wales and Woodland (1983) provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. Due to the complexity of the model, however, there have been few applications in the literature and little attention has been paid to the problems of welfare analysis within the Kuhn-Tucker fra...
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