A Dual Approach to Modeling Corner Solutions in Recreation Demand

摘要: Abstract The dual approach of Lee and Pitt to estimating demand systems for which individuals often choose not consume one or more the available goods provides a utility-consistent framework preferences over visits recreation sites. Because complexity model, however, this has been applied in literature. This paper first application model develops methodology conducting welfare analysis, relying on Monte Carlo integration derive estimates compensating variation. methods are fishing Wisconsin Great Lakes region.