On the Necessity of Simultaneous Recreation Demand Equation Estimation

John G. Hof and David A. King

Land Economics, 1982, vol. 58, issue 4, 547-552

Abstract: This paper provides an empirical framework for testing a welfare change measure by considering the following problem: a public agency is faced with the decision of how to maximize public welfare from optimally locating a large-scale national recreational ...

Date: 1982
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