Alvarez-Farizo, B., Hanley, N. and Barbaran, R. (2001) The value of leisure time: A contingent rating approach. Journal of Environmental Planning and Management, 44(5), pp. 681-699. (doi: 10.1080/09640560120079975)
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Abstract
In this paper, we apply the contingent rating method to the problem of estimating a value for leisure time. This is an important component of recreation demand models. A tradition in this literature has been to use some fixed percentage of the wage rate as the value of time. However, time values are likely to vary across individuals to a greater extent than this suggests, whilst for a given individual time is differently valued according to how it is spent. Empirical results show that there is indeed a wide variation in leisure time values.
Item Type: | Articles |
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Additional Information: | Thanks to W. Douglas Shaw for comments on an earlier draft of this paper, which forms part of the research project SEC96– 0648 of the CICYT (Comision Interministerial De Ciencia Y Tecnologia). |
Status: | Published |
Refereed: | Yes |
Glasgow Author(s) Enlighten ID: | Hanley, Professor Nicholas |
Authors: | Alvarez-Farizo, B., Hanley, N., and Barbaran, R. |
College/School: | College of Medical Veterinary and Life Sciences > School of Biodiversity, One Health & Veterinary Medicine |
Journal Name: | Journal of Environmental Planning and Management |
Publisher: | Taylor & Francis |
ISSN: | 0964-0568 |
ISSN (Online): | 1360-0559 |
Published Online: | 03 August 2010 |
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