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- Title
A TWO-CONSTRAINT ALMOST IDEAL DEMAND MODEL OF RECREATION AND DONATIONS.
- Authors
Shaikh, Sabina L.; Larson, Douglas M.
- Abstract
Abstract--An incomplete demand system is developed for recreation and donation choices, subject to both money and time constraints. The model results in a three-good system, with an endogenous marginal value of time for estimation. The model is implemented by adapting Deaton and Muellbauer's locally flexible almost ideal demand system to a two-constraint recreation model of trips and donations of California whale watchers. Exact welfare measures are calculated for changes in costs, as well as for whale population changes. Results indicate a use and a nonuse component of overall willingness to pay for increases in environmental quality.
- Subjects
ENVIRONMENTAL economics; ENVIRONMENTAL quality; ENVIRONMENTAL protection; CONSUMER behavior; ENVIRONMENTAL degradation; WILLINGNESS to pay
- Publication
Review of Economics & Statistics, 2003, Vol 85, Issue 4, p953
- ISSN
0034-6535
- Publication type
Article
- DOI
10.1162/003465303772815853