Household Labor Market Choices and the Demand for Recreation
AbstractThis paper introduces household labor market choices into the demand for recreation, showing that the opportunity cost of timewage rate connection is severed when several household members have the opportunity to participate in the labor market at fixed wages. An application of recreation demand for households in New Bedford, Massachusetts, shows that the recreation demand models and estimates of consumer surplus are sensitive to household labor market choices.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 75 (1999)
Issue (Month): 3 ()
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Web page: http://le.uwpress.org/
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- Raymond B. Palmquist & Daniel J. Phaneuf & V. Kerry Smith, 2009.
"Short Run Constraints and the Increasing Marginal Value of Time in Recreation,"
NBER Working Papers
14986, National Bureau of Economic Research, Inc.
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- Phaneuf, Daniel J. & Smith, V. Kerry, 2006. "Recreation Demand Models," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 15, pages 671-761 Elsevier.
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