ESTIMATING THE COST OF LEISURE TIME FOR RECREATION DEMAND MODELS

Peter Feather and W. Shaw

No 20855, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The cost of travel time has commonly been incorporated in recreation demand models as some fucntion of the wage rate. This paper proposes a new methodology of determining the value of leisure time. The proposed method is compared to other alternatives and shown to yield more appropriate welfare measures.

Keywords: Research Methods/ Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 31
Date: 1998
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Estimating the Cost of Leisure Time for Recreation Demand Models (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20855

DOI: 10.22004/ag.econ.20855

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