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

Richard Melstrom; Frank Lupi

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

Richard Melstrom
, Frank Lupi

Oklahoma State University–Stillwater
Michigan State University

Research output: Contribution to journal › Article › peer-review

Original language	American English
Journal	Default journal
State	Published - Jan 1 2012
Externally published	Yes

Disciplines

Economics
Economic Theory

Cite this

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title = "Using a Control Function to Resolve the Travel Cost Endogeneity Problem in Recreation Demand Models",

author = "Richard Melstrom and Frank Lupi",

note = "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.",

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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

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JO - Default journal

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

Disciplines

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