Identifying non-consistent choice behavior in recreation demand models (Q5941413)
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scientific article; zbMATH DE number 1635606
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Identifying non-consistent choice behavior in recreation demand models |
scientific article; zbMATH DE number 1635606 |
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Identifying non-consistent choice behavior in recreation demand models (English)
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20 August 2001
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Smmary: In an 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.
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neoclassical theory of preferences
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recreation demand
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random parameter logit
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RPL
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