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Kuhn-Tucker Estimation of Recreation Demand – A Study of Temporal Stability

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Author Info
Bhattacharjee, Subhra
Kling, Catherine L.
Herriges, Joseph A.

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Abstract

The paper examines the Kuhn Tucker model in the context of estimating recreation demand when the choice set it very large. It examines the temporal stability of parameter estimates using multiple years of data on trips to 127 lakes in Iowa made by households in Iowa. The study finds that for the given dataset, the estimates derived from a Kuhn-Tucker model are largely stable over time.

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Publisher Info
Paper provided by Agricultural and Applied Economics Association in its series 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin with number 49408.

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Date of creation: 2009
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Handle: RePEc:ags:aaea09:49408

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Related research
Keywords: Recreation demand; Kuhn-Tucker; Temporal Stability; Environmental Economics and Policy; C2; Q2;

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  1. Morey, Edward R, 1984. "The Choice of Ski Areas: Estimation of a Generalized CES Preference Ordering with Characteristics," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 584-90, November. [Downloadable!] (restricted)
  2. Herriges, Joseph A. & Phaneuf, Daniel J. & Tobias, Justin, 2008. "Estimating Demand Systems when Outcomes are Correlated Count," Staff General Research Papers 12934, Iowa State University, Department of Economics.
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  3. Morey, Edward R. & Shaw, W. Douglass & Rowe, Robert D., 1991. "A discrete-choice model of recreational participation, site choice, and activity valuation when complete trip data are not available," Journal of Environmental Economics and Management, Elsevier, vol. 20(2), pages 181-201, March. [Downloadable!] (restricted)
  4. Amemiya, Takeshi, 1974. "Multivariate Regression and Simultaneous Equation Models when the Dependent Variables Are Truncated Normal," Econometrica, Econometric Society, vol. 42(6), pages 999-1012, November. [Downloadable!] (restricted)
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This page was last updated on 2009-11-26.

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