PT  - JOURNAL ARTICLE
AU  - Landry, Craig E.
AU  - McConnell, Kenneth E.
TI  - Hedonic Onsight Cost Model of Recreation Demand
AID  - 10.3368/le.83.2.253
DP  - 2007 May 01
TA  - Land Economics
PG  - 253--267
VI  - 83
IP  - 2
4099  - http://le.uwpress.org/content/83/2/253.short
4100  - http://le.uwpress.org/content/83/2/253.full
SO  - Land Econ2007 May 01; 83
AB  - For many recreational activities onsite pecuniary costs can be a significant portion of the cost of a recreational trip. Onsite expenditures, however, often depend upon endogenous quality choices made by the household. We formulate a recreation demand model that formally accounts for household selection of quality of onsite time. Household behavior is constrained by income, prices, and the onsite hedonic price schedule. Assuming complete optimization, a reduced form Marshallian demand curve for recreation trips still results and a specialized version of Roy’s Identity provides a basis for welfare analysis. Instrumenting for endogenous quality choices does not improve demand estimation. (JEL Q26, Q51)