Is Outdoor Recreation a Giffen Good?

Douglas M. Larson and Richard S. Johnston

No 271390, 1992 Annual Meeting, August 9-12, Baltimore, Maryland from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Time-intensive goods like outdoor recreation are likely candidates for Giffen behavior when money price changes. For choices with binding money and time constraints, observable conditions for a good to be Giffen are developed. Model specifications and omitted variable biases are likely reasons why no Giffen recreation goods have been found.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy (search for similar items in EconPapers)
Pages: 15
Date: 1992-08-09
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea92:271390

DOI: 10.22004/ag.econ.271390

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