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ESTIMATING THE OPPORTUNITY COST OF RECREATION TIME IN AN INTEGRABLE 2-CONSTRAINT COUNT DEMAND MODEL AgEcon
Larson, Douglas M.; Lew, Daniel K.; Shaikh, Sabina L..
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.
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics; Demand and Price Analysis.
Ano: 2002 URL: http://purl.umn.edu/19600
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SOME IMPLICATIONS OF THE TWO-CONSTRAINT JOINT RECREATIONAL CHOICE DEMAND MODEL AgEcon
Lew, Daniel K..
This paper explores the implications of applying a two-constraint joint recreational demand framework to estimate the demand for recreation at an Alaskan sportfishery. The demand for total days on-site and total trips per season are jointly estimated and used to parametrically define average on-site time and obtain consumer's surplus values.
Tipo: Conference Paper or Presentation Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/20937
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MEASURING THE EFFECTS OF THE "TIMING OF TIME" ON SHADOW VALUES OF LEISURE TIME AgEcon
Larson, Douglas M.; Lew, Daniel K.; Barrett, James M..
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.
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics.
Ano: 2002 URL: http://purl.umn.edu/19626
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