Alternative treatments of the cost of time in recreational demand models: an application to whitewater kayaking in Ireland.

@article{Hynes2009AlternativeTO,
  title={Alternative treatments of the cost of time in recreational demand models: an application to whitewater kayaking in Ireland.},
  author={Stephen Hynes and N. Hanley and Cathal O'Donoghue},
  journal={Journal of environmental management},
  year={2009},
  volume={90 2},
  pages={1014-21}
}
The measurement of travel costs in recreational demand modeling has been a contentious issue for many decades. This article explores the use of a number of alternative methods of incorporating time costs in the travel cost modeling process. Travel cost values where the opportunity cost of time is excluded, where it is included as a percentage of the individual's reported wage rate and where it based on an estimated wage from a secondary data source (the European Community Household Panel) are… CONTINUE READING

From This Paper

Topics from this paper.