MEASURING THE EFFECTS OF THE "TIMING OF TIME" ON SHADOW VALUES OF LEISURE TIME

Douglas M. Larson, Daniel K. Lew and James M. Barrett

No 19626, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The "timing of leisure time" is important to determining its opportunity cost. Shadow values of different leisure activities from a model of consumer choice subject to multiple binding time constraints are estimated from survey data on peoples' preferences for different activities, their time and money costs, and their consumption choices.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 28
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19626

DOI: 10.22004/ag.econ.19626

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