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Identifying non-consistent choice behavior in recreation demand models

Nunes, L.C.; Cunha e-Sa, M.A.; Ducla Soares, M.M.; Rosado, M.A.; Day, B.H.; (2001) Identifying non-consistent choice behavior in recreation demand models. Economics Letters , 72 (3) pp. 403-410. 10.1016/S0165-1765(01)00449-9.

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Abstract

In a RPL model, rather than imposing consistency with consumer theory by constraining the distribution of the price coefficient to have negative support, a more general procedure is developed. Non-consistent choice behavior is identified in a recreation demand model for game reserves in South Africa.

Type: Article
Title: Identifying non-consistent choice behavior in recreation demand models
DOI: 10.1016/S0165-1765(01)00449-9
Publisher version: http://dx.doi.org/10.1016/S0165-1765(01)00449-9
Language: English
Keywords: Neoclassical theory of preferences, recreation demand, random parameter logit (RPL)
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/17615
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