ESTIMATING THE OPPORTUNITY COST OF RECREATION TIME IN AN INTEGRABLE 2-CONSTRAINT COUNT DEMAND MODEL

How researchers treat the opportunity cost of time substantially influences recreation demand parameter and welfare estimates. This paper presents a utility-theoretic and implementable approach, estimating the shadow value of time jointly with recreation demands for coastal activities, using a generalization of the semilog demand system in a two-constraint model.

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Year of publication:	2002
Authors:	Larson, Douglas M. ; Lew, Daniel K. ; Shaikh, Sabina L.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Consumer/Household Economics \| Demand and Price Analysis

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Extent:	application/pdf
Series:	2002 Annual meeting, July 28-31, Long Beach, CA.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2002 Annual meeting, July 28-31, Long Beach, CA Number 19600
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005460284