Possibilities for including the opportunity cost of time in recreation demand systems

Citation
Wd. Shaw et P. Feather, Possibilities for including the opportunity cost of time in recreation demand systems, LAND ECON, 75(4), 1999, pp. 592-602
Citations number
43
Categorie Soggetti
EnvirnmentalStudies Geografy & Development
Journal title
LAND ECONOMICS
ISSN journal
00237639 → ACNP
Volume
75
Issue
4
Year of publication
1999
Pages
592 - 602
Database
ISI
SICI code
0023-7639(199911)75:4<592:PFITOC>2.0.ZU;2-C
Abstract
Recreation demand modelers have attempted to identify and incorporate the o pportunity cost of nn individual's rime in travel and on-site in the model. Larson (1993b) focused on the value of leisure time in a model where indiv idual face a fired work week. In this paper we examine the connection betwe en labor supply and recreation demands, and focus on conditional demand sys tems. We illustrate that corner solution models are not needed to explain s everal interesting time-related recreation issues. (JEL Q36).