ESTIMATING THE COST OF LEISURE TIME FOR RECREATION DEMAND MODELS

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.


Issue Date:
1998
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/20855
Total Pages:
31
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2018-01-22

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