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Recreation Demand Equations : Functional Form and Consumer Surplus

By: Contributor(s): Material type: ArticleLanguage: English Publication details: Oxford University Press, 1980. United Kingdom :ISSN:
  • 0002-9092
  • 1467-8276 (Online)
Subject(s): In: American Journal of Agricultural Economics United Kingdom : Oxford University Press, 1980. vol. 62, no. 1, p. 136-141Summary: 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.
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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.

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