Recreation Demand Equations : Functional Form and Consumer Surplus
Ziemer, R.F.
Recreation Demand Equations : Functional Form and Consumer Surplus - United Kingdom : Oxford University Press, 1980.
This paper presents a set of decision criteria for the choice between three popular functional forms that have been employed previously in recreation demand equations. The choice between linear and quadratic forms can be made via conventional hypothesis-testing procedures. The Box and Cox transformation procedure often allows choice between linear, semilog, and other power transformations of the dependent variable.
Text in English
0002-9092 1467-8276 (Online)
https://doi.org/10.2307/1239482
Economic analysis
Econometrics
Consumers
Recreation Demand Equations : Functional Form and Consumer Surplus - United Kingdom : Oxford University Press, 1980.
This paper presents a set of decision criteria for the choice between three popular functional forms that have been employed previously in recreation demand equations. The choice between linear and quadratic forms can be made via conventional hypothesis-testing procedures. The Box and Cox transformation procedure often allows choice between linear, semilog, and other power transformations of the dependent variable.
Text in English
0002-9092 1467-8276 (Online)
https://doi.org/10.2307/1239482
Economic analysis
Econometrics
Consumers