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EMPIRICAL SPECIFICATION REQUIREMENTS FOR TWO-CONSTRAINT MODELS OF RECREATION DEMAND

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.Research Methods/ Statistical Methods, Resource /Energy Economics and Policy,

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