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Empirical Specification Requirements for Two-Constraint Models of Recreation Choice

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  • Douglas M. Larson
  • Sabina L. Shaikh

Abstract

Two-constraint models are common in recreation-demand analysis because of the important role time can play in consumer choices. Two versions of Roy's identity hold for these models and imply coefficient restrictions on empirical demand functions. The two-constraint restrictions are fully observable and can be expressed in a form analogous to the Slutsky-Hicks equations in single-constraint consumer models. Empirical specifications that use full prices and full budgets can be consistent with the two-constraint models, when the marginal value of time is either exogenous or endogenous, but models with full prices and money income alone are not. Copyright 2001, Oxford University Press.

Suggested Citation

  • Douglas M. Larson & Sabina L. Shaikh, 2001. "Empirical Specification Requirements for Two-Constraint Models of Recreation Choice," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 428-440.
  • Handle: RePEc:oup:ajagec:v:83:y:2001:i:2:p:428-440
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    File URL: http://hdl.handle.net/10.1111/0002-9092.00167
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    Cited by:

    1. Lew, Daniel K. & Larson, Douglas M., 2005. "Accounting for stochastic shadow values of time in discrete-choice recreation demand models," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 341-361, September.
    2. Vickner, Steven S., 2012. "Measuring the Value of Convenience: A Hedonic Pricing Model Approach in the Market for Breakfast Sausages," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124902, Agricultural and Applied Economics Association.
    3. Hisa MORISUGI, 2014. "Measurements of Value of Time and Transportation Benefits by using Observable Demand," ERSA conference papers ersa14p395, European Regional Science Association.
    4. Larson, Douglas M. & Lew, Daniel K., 2005. "Measuring the utility of ancillary travel: revealed preferences in recreation site demand and trips taken," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(2-3), pages 237-255.
    5. Shigeru Matsumoto, 2014. "Spouses’ time allocation to pro-environmental activities: who is saving the environment at home?," Review of Economics of the Household, Springer, vol. 12(1), pages 159-176, March.
    6. Sutton, William R. & Larson, Douglas M. & Jarvis, Lovell S., 2002. "A New Approach To Contingent Valuation For Assessing The Costs Of Living With Wildlife In Developing Countries," 2002 Annual meeting, July 28-31, Long Beach, CA 19848, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Raymond Palmquist & Daniel Phaneuf & V. Smith, 2010. "Short Run Constraints and the Increasing Marginal Value of Time in Recreation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 46(1), pages 19-41, May.
    8. Sabina L. Shaikh & Douglas M. Larson, 2003. "A Two-Constraint Almost Ideal Demand Model of Recreation and Donations," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 953-961, November.
    9. Loomis, John B. & Gonzalez-Sepulveda, Juan Marcos & Gonzalez-Caban, Armando, 2007. "Spatial Limits of the TCM revisited: Island Effects," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon 9088, Western Agricultural Economics Association.
    10. repec:eee:touman:v:33:y:2012:i:1:p:195-204 is not listed on IDEAS
    11. Kathleen P. Bell & Ivar E. Strand, 2003. "Reconciling Models of Recreational Route and Site Choices," Land Economics, University of Wisconsin Press, vol. 79(3), pages 440-454.
    12. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2008. "Multi-destination and multi-purpose trip effects in the analysis of the demand for trips to a remote recreational site," EERI Research Paper Series EERI_RP_2008_19, Economics and Econometrics Research Institute (EERI), Brussels.
    13. Young-Sook Eom & Douglas Larson, 2006. "Valuing housework time from willingness to spend time and money for environmental quality improvements," Review of Economics of the Household, Springer, vol. 4(3), pages 205-227, September.
    14. Shaikh, Sabina L. & Larson, Douglas M., 2001. "Decision Sequence in the Nested-Logit Model of Recreation Choice: An Application to Oregon Marine Sport Fishing (DRAFT)," 2001 Annual meeting, August 5-8, Chicago, IL 20761, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics,in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.
    16. Carlo Fezzi & Ian J. Bateman, 2013. "Estimating the Value of Travel Time to Recreational Sites Using Revealed Preferences," Working Papers 2013.64, Fondazione Eni Enrico Mattei.
    17. Sutton, William R. & Larson, Douglas M. & Jarvis, Lovell S., 2004. "A New Approach For Assessing The Costs Of Living With Wildlife In Developing Countries," Working Papers 11951, University of California, Davis, Department of Agricultural and Resource Economics.
    18. Larson, Douglas M. & Lew, Daniel K. & Shaikh, Sabina L., 2002. "Estimating The Opportunity Cost Of Recreation Time In An Integrable 2-Constraint Count Demand Model," 2002 Annual meeting, July 28-31, Long Beach, CA 19600, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    19. Carpio, Carlos E. & Wohlgenant, Michael K., 2006. "A Structural Econometric Model of Consumer Demand at Pick-Your-Own Fruit Operations," 2006 Annual meeting, July 23-26, Long Beach, CA 21372, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    20. Kipperberg, Gorm & Larson, Douglas M., 2005. "Paying For A Public Good In Money Or Time: Is There A Fundamental Difference? An Investigation Of Consumers' Preferences For Community-Wide Recycling," 2005 Annual meeting, July 24-27, Providence, RI 19223, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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