Hedonic Onsight Cost Model of Recreation Demand
构建了一个休闲需求模型，将家庭对现场时间质量的选择纳入分析，并基于优化行为推导出马歇尔需求曲线和福利分析方法。
<i>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.</i>