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Joint Recreation Choices and Implied Values of Time

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  • Douglas M. Larson

Abstract

A model of joint recreation quantity choices is developed. Individuals choose both total time spent at distant sites and the number of trips taken, implicitly choosing average on-site time. The model permits nonzero marginal utility of travel, makes on-site time endogenous, and is linear in the constraints. The scarcity value of time is analyzed without assuming the marginal utility of work time is zero. A partially testable assumption about relative marginal values of travel and on-site time yields nonparametric calculations of the scarcity value of time and marginal values of trips and days on-site from people's observed optimal quantity choices.

Suggested Citation

  • Douglas M. Larson, 1993. "Joint Recreation Choices and Implied Values of Time," Land Economics, University of Wisconsin Press, vol. 69(3), pages 270-286.
  • Handle: RePEc:uwp:landec:v:69:y:1993:i:3:p:270-286
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    Citations

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    Cited by:

    1. Lew, Daniel K. & Larson, Douglas M., 2005. "Accounting for stochastic shadow values of time in discrete-choice recreation demand models," Journal of Environmental Economics and Management, Elsevier, vol. 50(2), pages 341-361, September.
    2. Lori D. Snyder & Robert N. Stavins & Alexander F. Wagner, 2003. "Private Options to Use Public Goods Exploiting Revealed Preferences to Estimate Environmental Benefits," Working Papers 2003.49, Fondazione Eni Enrico Mattei.
    3. Bowker, James Michael & Starbuck, C. Meghan & English, Donald B.K. & Bergstrom, John C. & Rosenberger, Randall S. & McCollum, Daniel W., 2009. "Estimating the Net Economic Value of National Forest Recreation: An Application of the National Visitor Use Monitoring Database," Faculty Series 59603, University of Georgia, Department of Agricultural and Applied Economics.
    4. Larson, Douglas M. & Lew, Daniel K., 2005. "Measuring the utility of ancillary travel: revealed preferences in recreation site demand and trips taken," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(2-3), pages 237-255.
    5. Eva Vicente & Pablo de Frutos, 2011. "Application of the travel cost method to estimate the economic value of cultural goods: Blockbuster art exhibitions," Hacienda Pública Española, IEF, vol. 196(1), pages 37-63, january.
    6. Bengochea, A., 2003. "Valoración del uso recreativo de un espacio natural," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 21, pages 321-338, Agosto.
    7. Phaneuf, Daniel James, 1997. "Generalized corner solution models in recreation demand," ISU General Staff Papers 1997010108000013022, Iowa State University, Department of Economics.
    8. Larson, Douglas M. & Shaikh, Sabina L. & Loomis, John B., 1997. "A Two-Constraint AIDS Model of Recreation Demand and the Value of Leisure Time," 1997 Annual Meeting, July 13-16, 1997, Reno\Sparks, Nevada 35745, Western Agricultural Economics Association.
    9. Shaikh, Sabina L., 1998. "A Whale Of A Good Time: Exploring Flexibility In The Recreation Demand Model," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20826, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Hellström, Jörgen & Nordström, Jonas, 2012. "Demand and welfare effects in recreational travel models: Accounting for substitution between number of trips and days to stay," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(3), pages 446-456.
    11. Martin Falk & Eva Hagsten, 2015. "Importance of early snowfall for Swedish ski resorts: Evidence based on monthly data," ERSA conference papers ersa15p1176, European Regional Science Association.
    12. Hellström, Jörgen & Nordström, Jonas, 2005. "Demand and Welfare Effects in Recreational Travel Models: A Bivariate Count Data Approach," Umeå Economic Studies 648, Umeå University, Department of Economics.
    13. Lew, Daniel K., 1998. "Some Implications Of The Two-Constraint Joint Recreational Choice Demand Model," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20937, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. repec:eee:touman:v:53:y:2016:i:c:p:61-73 is not listed on IDEAS
    15. W. Shaw & Michael Ozog, 1999. "Modeling Overnight Recreation Trip Choice: Application of a Repeated Nested Multinomial Logit Model," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 13(4), pages 397-414, June.
    16. Isabel Mendes & Isabel Proença, 2009. "Measuring the Social Recreation Per-Day Net Benefit of Wildlife Amenities of a National Park: A Count-Data Travel Cost Approach," Working Papers Department of Economics 2009/35, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    17. García De La Fuente, L. & Colina Vuelta, A., 2004. "Métodos directos e indirectos en la valoración económica de bienes ambientales, aplicación al valor de uso recreativo del Parque Natural de Somiedo," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 22, pages 1-26, Diciembre.
    18. Dietrich Earnhart, 2004. "Time is Money: Improved Valuation of Time and Transportation Costs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(2), pages 159-190, October.
    19. McKean, John R. & Johnson, Donn M. & Taylor, R. Garth, 2001. "The Value Of Sport Fishing In The Snake River Basin Of Central Idaho," 2001 Annual Meeting, July 8-11, 2001, Logan, Utah 36190, Western Agricultural Economics Association.
    20. Ian J. Bateman & Guy D. Garrod & Julii S. Brainard & Andrew A. Lovett, 1996. "Measurement Issues In The Travel Cost Method: A Geographical Information Systems Approach," Journal of Agricultural Economics, Wiley Blackwell, vol. 47(1-4), pages 191-205.
    21. Jörgen Hellström, 2006. "A bivariate count data model for household tourism demand," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 21(2), pages 213-226.
    22. O'Garra, Tanya & Mourato, Susana & Pearson, Peter, 2008. "Investigating attitudes to hydrogen refuelling facilities and the social cost to local residents," Energy Policy, Elsevier, vol. 36(6), pages 2074-2085, June.

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