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Empirical Specification Requirements For Two-Constraint Models Of Recreation Demand

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  • Larson, Douglas M.
  • Shaikh, Sabina L.

Abstract

Theoretical restrictions implied by the two-constraint recreation demand model are developed. The structure necessary to specify empirical models shows that most current models of recreation incorporate time in a manner inconsistent with theory. Results are applicable to all recreationists and are particularly useful to those with endogenous marginal values of time.

Suggested Citation

  • Larson, Douglas M. & Shaikh, Sabina L., 1999. "Empirical Specification Requirements For Two-Constraint Models Of Recreation Demand," 1999 Annual meeting, August 8-11, Nashville, TN 21629, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21629
    DOI: 10.22004/ag.econ.21629
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    References listed on IDEAS

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