MEASURING THE EFFECTS OF THE "TIMING OF TIME" ON SHADOW VALUES OF LEISURE TIME
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.
Year of publication: |
2002
|
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Authors: | Larson, Douglas M. ; Lew, Daniel K. ; Barrett, James M. |
Institutions: | Agricultural and Applied Economics Association - AAEA |
Keywords: | Consumer/Household Economics |
Saved in:
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