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| Author: | Phaneuf, D. |
| Title: | Estimation and welfare calculations in a generalized corner solution model with an application to recreation demand |
| Journal: | Review of Economics and Statistics
2000 : FEB, VOL. 82:1, p. 83-92 |
| Index terms: | ECONOMICS ESTIMATION WELFARE |
| Language: | eng |
| Abstract: | 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. Doe 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. |
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