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Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand Author info | Abstract | Publisher info | Download info | Related research | Statistics Daniel J. Phaneuf
Catherine L. Kling
Joseph A. Herriges
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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 framework. This paper provides an application of the model to the problem of recreation demand. In addition, we develop and apply a methodology for estimating compensating variation, relying on Monte Carlo integration to derive expected welfare changes. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology
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Article provided by MIT Press in its journal The Review of Economics and Statistics .
Volume (Year): 82 (2000)
Issue (Month): 1 (February)
Pages: 83-92
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Handle: RePEc:tpr:restat:v:82:y:2000:i:1:p:83-92Contact details of provider: Web page: http://mitpress.mit.edu/journals/
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Paper Phaneuf, Daniel J. & Kling, Catherine L. & Herriges, Joseph A., 1999.
"Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand ,"
Staff General Research Papers
1355, Iowa State University, Department of Economics.
[Downloadable!] Daniel J. Phaneuf & Catherine L. Kling & Joseph A. Herriges, 1998.
"Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand ,"
Center for Agricultural and Rural Development (CARD) Publications
99-wp207, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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Other versions:
Egan, Kevin J. & Herriges, Joseph A. & Kling, Catherine L. & Downing, John A., 2004.
"Recreation Demand Using Physical Measures of Water Quality ,"
Staff General Research Papers
12210, Iowa State University, Department of Economics.
Egan, Kevin J. & Herriges, Joseph A. & Kling, Catherine L. & Downing, John A., 2004.
"Recreation Demand Using Physical Measures Of Water Quality ,"
2004 Annual meeting, August 1-4, Denver, CO
19958, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
[Downloadable!] Joseph A. Herriges & Catherine L. Kling & Daniel J. Phaneuf, 2000.
"What's the Use? Welfare Estimates from Revealed Preference Models When Weak Complementarity Does Not Hold ,"
Center for Agricultural and Rural Development (CARD) Publications
00-wp258, Center for Agricultural and Rural Development (CARD) at Iowa State University.
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Other versions:
Herriges, Joseph A. & Kling, Catherine L. & Phaneuf, Daniel J., 2000.
"What's the Use? Welfare Estimates from Revealed Preference Models when Weak Complementarity Does Not Hold ,"
Staff General Research Papers
1905, Iowa State University, Department of Economics.
Herriges, Joseph A. & Kling, Catherine L. & Phaneuf, Daniel J., 2004.
"What's the use? welfare estimates from revealed preference models when weak complementarity does not hold ,"
Journal of Environmental Economics and Management ,
Elsevier, vol. 47(1), pages 55-70, January.
[Downloadable!] (restricted) Herriges, Joseph & Kling, Catherine & Phaneuf, Daniel, 1999.
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"Choice Set Definition Issues in a Kuhn-Tucker Model of Recreation Demand ,"
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