of instrumental variables estimates is illustrated by estimating the demand for fresh whiting at the Fulton fish market …In markets where prices are determined by the intersection of supply and demand curves, standard identification results … critical identifying assumptions in terms of demand and supply at different prices and instruments, rather than in terms of …

method fits within the household production framework and is based upon the notion of estimating the derived demand for a … privately traded option to utilize a freely-available public good. In particular, the demand for state fishing licenses is used … demand function is estimated with instrumental variable procedures to allow for the potential endogeneity of administered …