G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w14986
来源IDWorking Paper 14986
Short Run Constraints and the Increasing Marginal Value of Time in Recreation
Raymond B. Palmquist; Daniel J. Phaneuf; V. Kerry Smith
发表日期2009-05-21
出版年2009
语种英语
摘要Leisure activities such as local recreation trips usually take place in discrete blocks of time that are surrounded by time devoted to other commitments. It can be costly to transfer time between blocks to allow for longer outings. These observations affect the value of time within those blocks and suggest that traditional methods for valuing time using labor markets miss important considerations. This paper presents a new model for time valuation that uses non-employment time commitments to infer the shadow value of time spent in recreation. A unique survey that elicited revealed and stated preference data on household time allocation is used to implement the model. The results support the conclusion that there is an increasing marginal value of time for recreation as the trip length increases.
主题Microeconomics ; Households and Firms ; Labor Economics ; Labor Supply and Demand ; Environmental and Resource Economics ; Renewable Resources
URLhttps://www.nber.org/papers/w14986
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/572662
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GB/T 7714
Raymond B. Palmquist,Daniel J. Phaneuf,V. Kerry Smith. Short Run Constraints and the Increasing Marginal Value of Time in Recreation. 2009.
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