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Using Individual Observations to Estimate Recreation Demand Functions: A Caution William G. Brown, Colin Sorhus, Bih-lian Chou-Yang and Jack A. Richards American Journal of Agricultural Economics , pp ...
A utility maximizing consumer with a completely known system of ordinary demand functions q = h (p,C) is considered. Let (p^o, q^o) and (p^1,q^1) to two arbitrary equilibrium situations; the problem ...
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