Using a Control Function to Resolve the Travel Cost Endogeneity Problem in Recreation Demand Models

TY - JOUR

T1 - Using a Control Function to Resolve the Travel Cost Endogeneity Problem in Recreation Demand Models

AU - Melstrom, Richard

AU - Lupi, Frank

N1 - Downloadable! This paper proposes using a control function to correct for endogeneity in recreation demand models. The control function approach is contrasted with the method of alternative specific constants (ASCs), which has been cautiously promoted in the literature. As an application, we consider the case of travel cost endogeneity in the demand for Great Lakes recreational fishing.

PY - 2012/1/1

Y1 - 2012/1/1

UR - https://ideas.repec.org/p/pra/mprapa/48036.html

M3 - Article

JO - Default journal

JF - Default journal

ER -