Estimation and Welfare Calculations in a Generalized Corner Solution Model with an Application to Recreation Demand
应用Kuhn-Tucker模型估计休闲需求，并开发基于蒙特卡洛积分的补偿变差计算方法，用于评估福利变化。
The Kuhn-Tucker model of Wales and Woodland (1983) provides a utility theoretic framework for estimating preferences over commodities for which individuals choose not to consume one or more of the goods. Due to the complexity of the model, however, there have been few applications in the literature and little attention has been paid to the problems of welfare analysis within the Kuhn-Tucker framework. This paper provides an application of the model to the problem of recreation demand. In addition, we develop and apply a methodology for estimating compensating variation, relying on Monte Carlo integration to derive expected welfare changes. © 2000 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology