The value of leisure time: A contingent rating approach

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
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 > Institute of Biodiversity Animal Health and Comparative 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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