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Estimating the Cost of Leisure Time for Recreation Demand Models

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  • Feather, Peter
  • Shaw, W. Douglass

Abstract

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.
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  • Feather, Peter & Shaw, W. Douglass, 1999. "Estimating the Cost of Leisure Time for Recreation Demand Models," Journal of Environmental Economics and Management, Elsevier, vol. 38(1), pages 49-65, July.
    • Handle: RePEc:eee:jeeman:v:38:y:1999:i:1:p:49-65
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